USD/JPY has become the sky rocket

May 18, 2018

 

The pair is trading at 110.89 level and making successively higher highs and higher lows on day to day basis. Poor Japanese data and supporting US data has lifted the pair towards north side. The national CPI data was down by 1.1% which was the key factor to take the advantage by bulls. Traders and investors are showing their interest to buy the USD as they have bullish bias for USD as the widening 10 years differential is too attractive to ignore.

 

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