USD/JPY reached a low of 112.86 this week after the Fed raised the interest rate. The pair is now 113.35 and no major news are expected today so the trend might consolidate around current levels.
USD/JPY marks a week of depreciation as the pair went from 113 to below 111. Lowest low was made yesterday at 110.60, price is now slightly recovered trading at 111.23. I'm expecting a move up for the next week.
USD/JPY reached a high of 112.20 yesterday and is now trading at 111.60. The pair could not get over the resistance and bears took control. First support is now seen at 111.20.
USD/JPY seems to have consolidated around the weekly close at 111.50. The pair need to break either 111 or 112 in order for one of the camps to take control.
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