USDJPY Move Lower Suggests Shift in Behavioral Sentiment
The USD/JPY is near the 138.550 mark as of this writing with its typical fast price action on full display.
. Acknowledgement for a desire to lessen the aggressive interest rate hike policy within the U.S central bank likely confirmed what many financial institutions had started to believe was true. Hawkish interest rate policy in the U.S is likely within its last gasps.Before speculators dive into selling positions of the USD/JPY however, they should know that some U.S Fed members remain adamant the U.S central bank should remain hawkish.
Yesterday’s low to the 137.550 mark approximately tested values in the USD/JPY not seen since late August. Behavioral sentiment within the USD/JPY mirrors the broad Forex market, and as a major currency pair is also a leading indicator regarding perception within the financial world.
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