USDJPY Long 4 HRS
Despite falling on Friday, USD/JPY is about to post the third consecutive weekly gain and the highest close since 1998. The divergence between the Bank of Japan and the Federal Reserve’s monetary policy continues to drive the pair to the upside. At their next meeting, the BoJ is expected to keep the ultra-expansive stance while the Fed is seen raising rates by 50 or 75 basis points.
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