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RAPID UPDATE USD/JPY TP @: 113.974 (opt.) SL @: 113.397 | Focal Community Group (FXSignals)

RAPID UPDATE
USD/JPY
TP @: 113.974 (opt.)
SL @: 113.397

The USD/JPY pair has been moving within a 50-pips range (113.300 - 113.800) for a few days, but remains bullish overall. We are now tightening our SL. I still see upside potential as investors believe the Fed will react strongly to ever rising inflation.

PS: Sorry for being a bit inactive. I was in a zoom session to support the analyst team of a major news agency I have been working with for years (regarding the upcoming Fed rate decision)


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