USDJPY - Long - Post FED

2019-11-21 19:34:31

We see USDJPY moving higher post the FED minutes yesterday which indicated that the FED is on hold regarding interest rates despite downside risks. However, the currency pair could drop further on the back of fears that the US and China will not agree a phase 1 deal in the near future and hence would we not want to see prices drop below support at 108.12.