VIDEO ANALYSIS: USDJPY WAITING FOR FOMC
USDJPY has been relatively subdued lately as price forms a consolidation pattern at the key resistance.
With the FOMC likely to remain dovish we could see a break lower with price heading towards 108.00 support.
However, if the FOMC press conference reveals any form of growth in the US economy that could lead to
a rate hike we could see 114.00 sooner that anticipated.
With the FOMC likely to remain dovish we could see a break lower with price heading towards 108.00 support.
However, if the FOMC press conference reveals any form of growth in the US economy that could lead to
a rate hike we could see 114.00 sooner that anticipated.