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Market Talk – June 29, 2021 | Armstrong Economics

Market Talk – June 29, 2021 | Armstrong Economics
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USD/JPY Forecast: Bulls becoming more courageous

1/28/2021 7:49:09 PM GMT
USD/JPY Current price: 104.22
Japan will publish Tokyo inflation, industrial production and consumer confidence figures.
Wall Street’s recovery provided little support to the pair, as it weighed on the dollar.
USD/JPY is poised to extend its advance towards the 105.00 price zone.
The USD/JPY pair hit a fresh January high of 104.45 but was unable to extend gains on easing demand for the greenback. The pair heads into the Asian opening trading around 104.20, holding on to modest intraday gains. The pair could not rally during US trading hours, despite substantial gains in Wall Street and recovering US Treasury yields. The yield on the 10-year Treasury note rose to 1.07%. ....

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