Fed comments don’t rattle USD/JPY as it clears 61.8% retracement

USD/JPY touches 121.50
USD/JPY is up 40 pips on the day and cleared 121.50 in the latest push. The gains have come today despite mixed sentiment in stocks and dovish Fed comments. That’s a great sign of underlying demand but it could be skewed by weekly and month-end flows.

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