A huge gap up has closed a bit after the first round of French election result, but rally still intact and the pair stay above 110 level. The gap could be fully closed, focus stay on French election.
USD/JPY seems to have consolidated around the weekly close at 111.50. The pair need to break either 111 or 112 in order for one of the camps to take control.
Ari Goldman: USD/JPY seems to have consolidated around the weekly close at 111.50. The pair need to break either 111 or 112 in order for one of the camps to take control.
I agree, the pair is showing no clear directional strength, how Usd/Jpy will develop its direction depend on Fed's monetary policy outcome this Wednesday.
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~109.48
USD/JPY seems to have consolidated around the weekly close at 111.50. The pair need to break either 111 or 112 in order for one of the camps to take control.
I agree, the pair is showing no clear directional strength, how Usd/Jpy will develop its direction depend on Fed's monetary policy outcome this Wednesday.