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Yen will keep strengthening

Updated: Nov 9, 2019

Keon:

Trump criticized J Powell to be a bigger enemy as he tweeted on Friday right after J Powell spoke. This conflict between the president and the Fed chairperson has brought nothing but uncertainty about upcoming Fed policy that led USD weaken sharply on Friday.

Besides this, US-China trade war has been weighing on $ and strengthening safe haven currency JPY.

I target at least Fib 68.1 retracement of last swing down on 1H.



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