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USD/JPY under pressure as risk aversion rises

Discussion in 'Technical Analysis' started by ForexLive, Jul 25, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Bit of a head & shoulders pattern forming We're seeing jitters develop in different ways ahead of the Fed. The stock market is worried about a more hawkish Fed and that's led to a bit of downside pressure. In FX, a hawkish Fed would normally boost the dollar but in something like USD/JPY it could weigh if stocks are hit hard enough that there's a flight to quality.

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