Traders expect a calmer US inflation release on Friday that may allow the Federal Reserve to slow down interest rate hikes…
USD/JPY: forecast for March 20-24
The pair is pressured by the daily Ichimoku Cloud and the 55-day MA. Below 113.00 it should drift down to 112.50 and 111.60.
Traders expect a calmer US inflation release on Friday that may allow the Federal Reserve to slow down interest rate hikes. Still, high oil prices represent a challenge for central banks, including the Reserve Bank of Australia and the ECB that meet this week.
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