The USD/JPY is treading water near 151.00 as Fed holds rates, as expected. Only minor changes in Fed statement leaves investors strung along the middle. Markets set to turn towards Friday's US NFP. 25-5.5%, as markets broadly expected, but a lack of significant changes in the Fed's rate statement leaves investors unsure of an additional rate hike in December to close out the year. Fed leaves interest rate unchanged at 5.25%-5.
72 after catching a bounce from a rising trendline etched in from July's low closes near 138.00. The USD/JPY continues to catch bids from the 21-day Exponential Moving Average currently lifting into 150.00, and medium-term support is baking in from the 50-day Simple Moving Average near 148.50. USD/JPY Daily Chart USD/JPY Technical Levels USD/JPY Overview Today last price 151.1 Today Daily Change -0.57 Today Daily Change % -0.38 Today daily open 151.67 Trends Daily SMA20 149.
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USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Oct 03 when USD/JPY traded near 149.10.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
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