The U.S. Home Sales Data Is In, USD/JPY Key Levels
Updated
It is FOMC day, and it appears that traders are taking a hesitant stance toward the Greenback. A majority of the majors are rotational, with only the USD/CHF extending Tuesday’s range significantly. Safe havens are performing moderately well, with only slight gains in the USD/JPY acting as a negative. As the release of the FOMC Minutes at 2:00 PM EST draws near, it will be interesting to see how pricing of these instruments ebbs and flows.
Trade closed: target reached
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