Technical Analysis

The IMF weighs in on their assessment of the Japanese economy Monetary policy also needs clear forward guidance Clear forward guidance and improved framework would lift inflation expectations Near-term fiscal tightening should be avoided 2018 real exchange rate is broadly consistent with medium-term fundamentals Abenomics remains appropriate, but reinvigorated policies are needed Japan’s underlying growth
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Price trades between technical extremes The USDJPY earlier today, fell back below a broken trend line. That tilted the bias lower (see earlier post). In the NY session, the price pushed to a new session low but stalled ahead of the next key target at the 100 hour MA and 38.2% retracement at 113.485. The
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