USD/JPY has stuck to narrowing ranges as November’s significant peaks come back into view
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USD/JPY has stuck to narrowing ranges as November’s significant peaks come back into view
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The single currency is pushing ahead against a marginally weaker US dollar and British Pound, but further progress may prove difficult.
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Cable has struggled to remain within its broader trading range, attempting to forge a lower path but the key 200-day simple moving average has provided support for the pair
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With the US out for the Presidents’ Day holiday, the Euro failed to make back early lost ground.
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Market expectations still eye a potential rate hike from the Bank of Japan as soon as April and fully price one in by June. This is despite Japan dropping into recession
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