Today News: USD/JPY [4 Nov 2021] - Dailyforextrading.net

USD/JPY inches back closer to 114.00 mark
as Fed decision looms

The USD/JPY pair gained some positive traction during the
early North American session and inched
back closer to daily tops

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US Dollar Continues to Consolidate Against
Japanese Currency

The US dollar has softened ever so slightly against the Japanese
yen on Wednesday as we continue to build
a little bit of a rectangle.

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USD/JPY Trades in Bull Flag Formation Ahead
of FOMC Rate Decision

USD/JPY continues to consolidate within a bull flag formation
as longer-dated US Treasury yields remain under pressure,
but the Federal Reserve interest rate decision

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Daily technical and trading outlook – USD/JPY

USD/JPY - 114.08.. Although DLR rose marginally abv Tue's
113.98 top to 114 .00 ahead of Asian open
price ratcheted lower to 113.73

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USD/JPY constrained below 114.00 ahead of
FOMC policy decisio

USDJPY has been constrained between the support-turned
resistance trendline and the 20-day
simple moving average

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