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USD/JPY trading signal - Fed Monetary Policy Statement - 01 Aug 2018

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Signal details
Entry Price: 
112.00
Close Price: 
111.71
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
OTM
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The U.S. dollar conquers 112.00 against the Japanese Yen with more import tariffs slapped on China. Yesterday, the Bank of Japan prompted some selling around the Japanese Yen which additionally boosted USDJPY to surpass 112.00 level. Today's key focus would be on Fed's monetary policy statement that is scheduled for 18:00 GMT, traders will expect to get some fresh clues over the upcoming rate hakes.

usdjpy trading signal 01 aug 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.