USD/JPY Technical Analysis for January 30, 2024 by Chris Lewis for FX Empire

The US dollar continues to pressure the Japanese yen, as we wait for the FOMC meeting on Wednesday. All things being equal, I do think that we go higher but we have to get the press conference out of the way. This is a market that will be greatly influenced by the interest rate markets, so pay close attention to that.

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Charts provided by the courtesy of Barchart.

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