Wednesday, 10 May 2023

USD/JPY Price Forecast: Japanese Yen Watchful After Ueda Address, US CPI to Come

USD/JPY is approaching the apex of the developing ascending triangle pattern. Could upcoming US CPI provide a breakout for the weakening Japanese yen?

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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...