USD/JPY bears take over and move in a critical support level – by fx_ross USDJPY Currencies DollarIndex Fed
sion. At the time of writing, the pair is losing around 0.13% and has dropped from a high of 142.84 and has reached a low of 142.41 so far.
For today's data, analysts at Westpac argued that it ''will highlight the downward pressure on headline inflation being driven by declining oil prices . Focus will therefore be centred on the core measure to better gauge the current pace of inflation and the likely response from the Federal Open Market Committee .''
, the hourly chart showed that the price was correcting from the prior bullish rally and was filling the wick left behind by the prior bearish hourly bar. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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