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USDJPY Ananlysis

Daily Market Analysis 28.07.2022: USDJPY

Instrument: USDJPY

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 136.020 with take profit at 136.404
Bearish Preference: 
Sell position is envisaged if price trades  below 135.256 with take profit at 134.851
Fundamentals:
1:30pm USD Unemployment Claims
              USD Advance GDP
              USD Advance GDP Price Index

Comment:
Fed increased its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row. Traders focused in particular on statements from Fed Chair Jerome Powell, who dropped guidance on the size of the next rate rise. That, in turn, heightened the possibility that the central bank could soon slow the pace of hikes.

Analysis: SCRUM Team

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