Thursday, 11 August 2022

USD/JPY Eyes Monthly Low After Failing to Push Back Above 50-Day SMA

USD/JPY appears to be on track to test the monthly low (130.39) after struggling to push back above the 50-Day SMA (135.24).

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...