Dollar/yen attempted to move above the cycle high but was rejected. On its way down, it lost the uptrend line of support. The drivers were both political and monetary. The upcoming week features housing data from the US: building permits and housing starts. Also, watch the Philly Fed Manufacturing Index. Echoes from Yellen’s testimony and the inflation report will likely reverberate.In Japan, we have a rate decision by the BOJ. Kuroda ...
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