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JPY profits during the last hours

JPY profits during the last hours

Information is not investment advice

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Ichimoku Kinko Hyo

AUD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

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Fibonacci Levels

 XAU/USD: Gold stands above 23.6% retracement area and signs a strong bullish trend.

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US Market View

U.S. stock markets are set to open mixed, with modest losses in the Dow and marked gains in tech stocks. Talks between House Democrats and the Trump administration on a package of economic relief measures remained deadlocked over the weekend, making it less and less likely that a deal can be found before the election. Oil prices fell as Norwegian offshore workers ended a strike that had threatened to take a quarter of the country’s output offline, while producers in the Gulf of Mexico also tentatively restarted production as Hurricane Delta moved inland.

US Key Point

  • Boris Johnson's supports that the UK is at a critical point to confront the second wave
  • JPY is the strongest and the AUD is the weakest
  • BOJ's Kuroda supports that we have not run out of policy tools

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Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus

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