In the afternoon we can observe some dollar weakness as chances for an extra FOMC rate hike this year and a higher terminal top are diminishing following WSJ news. EURUSD jumped above 0.9801 level, however the largest move can be observed on the USDJPY pair additionally fueled by speculation regarding another intervention by the BoJ. Last week's BofA survey showed that USD longs are the most popular transactions among traders so it's not a surprise to see big moves in retracements.
USDJPY bounced off a new high at 152.00 on Friday and is currently testing local support at 150.00. Source: xStation5
Chart of the Day 🚩 Speculations Around Faster Rate Hikes in Japan — Could USDJPY Reverse Its Trend?
Economic Calendar 🗽 U.S. Retail Sales and UoM Data in Focus
BREAKING: Another round of inflation figures from the US – what did they reveal?
Chart of the day: GBPUSD down on slower UK GDP growth! Unbreakable sideways trend?