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Bank of Japan keeps policy unchanged, upgrades FY22 and FY23 inflation outlook to 1.1%

S&P500

S&P500

Thomas Long, Course Instructor

That strength can be seen in the moves down in the EUR/USD, the GBP/USD, the AUD/USD and the NZD/USD. Traders are keeping on eye on the stock market since it has so much influence in the FX markets right now. On this 4-hour chart of the S&P500, I have some support levels noted that are most likely being watched. Moves down through any of these price levels could result in a big move into the USD as traders seek risk adversion.

SP500_body_64646d1282144252-chart-day-sp500-818.png, S&P500

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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