The USD/JPY collapsed to a five-month low of 146.41 on Friday following the release of worse-than-expected US economic data that increased the odds for a Federal Reserve cut at the September meeting.
The USD/JPY collapsed to a five-month low of 146.41 on Friday following the release of worse-than-expected US economic data that increased the odds for a Federal Reserve cut at the September meeting.
Function: Counter Trend (Minor Degree, Grey). Mode: Corrective.
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