USD/JPY Price Analysis: The USD has seen some mild weakness since the Fed announcement

published 29.07.2020 20:10

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The pair has been very bearish at the moment and this could be expected to continue but there are some upside risks are we have the press conference yet to come.

They kept interest rates unchanged at 0.10% and reiterated they will be able to use more tools if needed.

USD/JPY dailychart As expected the Federal Reserve has kept rates unchanged but there has been a change to the language.

The Fed keeps rates unchanged as expected.

Additional levels USD/JPY Overview Today last price 104.98 Today Daily Change -0.12 Today Daily Change % -0.11 Today daily open 105.1 Trends Daily SMA20 106.96 Daily SMA50 107.36 Daily SMA100 107.57 Daily SMA200 108.31 Levels Previous Daily High 105.69 Previous Daily Low 104.96 Previous Weekly High 107.54 Previous Weekly Low 105.68 Previous Monthly High 109.85 Previous Monthly Low 106.08 Daily Fibonacci 38.2% 105.24 Daily Fibonacci 61.8% 105.41 Daily Pivot Point S1 104.81 Daily Pivot Point S2 104.52 Daily Pivot Point S3 104.08 Daily Pivot Point R1 105.54 Daily Pivot Point R2 105.98 Daily Pivot Point R3 106.27

by Rajan Dhall, MSTA from fxstreet.com

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