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FX Watch: Potential USD/JPY reversal on strong US GDP release

Photo of Vaseline VaselineAugust 28, 2024
0 Less than a minute
FX Watch: Potential USD/JPY reversal on strong US GDP release

USD/JPY has been trading lower since mid-August, when the pair broke down from the 149.50 level. Is the pair ready to reverse its downtrend? We are looking at a potential reversal ahead of the release of Uncle Sam’s second GDP reading!

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Photo of Vaseline VaselineAugust 28, 2024
0 Less than a minute
Photo of Vaseline

Vaseline

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