Wednesday, 7 September 2022

USD/JPY Rate Rally to Persist as RSI Holds in Overbought Territory

The overbought reading in the Relative Strength Index (RSI) likely to be accompanied by a further advance in USD/JPY like the price action from earlier this year.

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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...