USD/JPY kisses the 134.00 mark on a rebound ahead of US CPI – by Dippusen USDJPY YieldCurve Fed Recession
The GBP/USD pair has stretched its correction to near 1.2150 in the Asian session. The corrective move from the round-level resistance of 1.2200 has extended as anxiety among investors is soaring ahead of the release of the United Kingdom labor market data and United States Consumer Price Index figures.The EUR/USD pair is gauging a cushion near the round-level support of 1.0700 in the Asian session. The major currency pair has corrected from 1.0740 after exhaustion in the upside momentum.
Gold’s bullish traders take a pause amid a rebound in the United States Dollar and the US Treasury yields ahead of the critical US Consumer Price Index data release.Bitcoin price is at crossroads, looking for momentum to break above the major resistance at $25,000. Ethereum price boasts four consecutive green bars; bullish momentum may be wearing off as it faces an immediate barrier at $1,744. Ripple price could slide below $0.3649 if bulls fail to surpass the 50-day EMA at $0.3815.
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