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USD/JPY Signal - JPY Interest Rate Decision - 16 Jun 2020

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Signal Details
Entry Price: 
107.350
Take Profit: 
107.000
Stop Loss: 
107.720
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USDJPY is weakening prior to Singapore open today, with the anticipation of JPY interest rate decision. The Interest rate decision will reveal monetary policy and give traders insight into JPY economic conditions. We anticipate further USD downside against the Yen into the 107.000 level.

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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.