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USD/JPY Signal - Chief Powell will talk monetary policy - 25 Jun 2019

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Signal Details
Entry Price: 
106.90
Take Profit: 
106.30
Stop Loss: 
107.20
Direction: 
Low
Result: 
Loss
How we trade
5/5 of 3 ratings

USDJPY is trading lowest since January ahead of Fed's Powell speech. The pair might plunge even further amid speculation of rates cut as soon as next month. The safe-haven yen might also pick up a bid in response to President Trump's comments about the defense treaty with Japan.

usdjpy signal 25 jun 2019

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.