ging throughout the day. In the last hour, US equity indices fluctuated between wins and losses, but the USD has been able to hold its ground vs. the safe-haven Japanese yen.
Before Wall Street opened, the US economic docket featured Initial Jobless Claims for the week ending on January 22, fell to 260K from 286K, better than expected after two consecutive weeks of increases. Meanwhile, the Gross Domestic Product for Q4 rose by 6.9%, crushing 5.5% expectations, helped by the fiscal policy and Fed accommodative monetary policy.USD/JPY Price Forecast: Technical analysis
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