USD/JPY
The first day of Janet Yellen speech in the Congress made a mixed impression on
foreign exchange markets, but the yen reacted very positively. The head of the
US Federal Reserve System issued a very conservative forecast for the
economy and monetary policy.
Today the pair broke the support level of 113.00 and tested a minimum in the
area of 112.85. Follow second Yellen speech today, as well as Friday's
inflation data.
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