fxmohammad

DOLLAR DIPS, YEN STEADY

Short
CAPITALCOM:USDJPY   U.S. Dollar / Japanese Yen
The dollar was little changed on Monday ahead of a slew of central bank meetings this week, with the Bank of Japan widely expected to end negative interest rates and the market waiting for the Federal Reserve's latest projections for rate cuts.

CURRENTLY USD/JPY BUYING PRESSURE SEEMS TO HOLD AT 149.302. FOR 20 HOURS STRAIGHT.

MARKET SENTIMENT IS BIAS TO A DOWNTREND CONTINUING TO SHAPE; DESPITE DOLLARS VOLATILTY DUE TO THE LATEST INFLATION DATA, IS IT WEAKER THAN BREAKING THESE LEVELS?



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