The rumor has it that rise of interest rates can be a lot sooner than expected, tacking 50 bps above neutral. Although no one knows what the neutral rate is including central bank, we assume that it is 3%. That's 3.5% on the long end. Anyhow, this pair seems to be supported on the daily trend line and with Retails Sales report due tomorrow, it could boost the dollar even higher.
Happy Trading, folks!
Cheers!
Happy Trading, folks!
Cheers!
Comment:
Comment:
USDJPY is currently supported by 200 period moving average on the 4hr
Comment:
Hello all, here's an update on USDJPY.
Trade closed: target reached