6:02 PM · 10 November 2022

USDJPY recorded sharpest correction since the pandemic

USDJPY is the most sensitive pair when it comes to US interest rate issues as it offers the largest opportunity to carry trade. That is why a significant drop in inflation dynamics caused a significant downward move of this pair during today's session. USDJPY experienced the biggest correction this year, which matches the scale of the downward move launched at the beginning of the pandemic! Key demand zone is located between 139.3 and 140.2 levels.

Source: xStation5

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