Tuesday, 9 January 2024

USD/JPY Price Outlook: The Pair Faces Major Support Cluster Pre-CPI

The drastic drop in the US services ISM report brought an end to the recent USD/JPY lift. Now the pair has to contend with the 200 SMA and channel support ahead of US CPI

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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...