USD/JPY Technical Analysis: Greenback reverses weekly gains as Fed leaves the target for fed funds rate unchanged

USD/JPY daily chart USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart. FOMC keeps the target for fed funds rate unchanged at 2.25% – 2.5% range. USD/JPY 4-hour chart USD/JPY is trading below the 50 and 200 SMA suggesting bearish momentum in the […]

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