Participant

Markets against the Dollar are pretty much in wait and see mode. FOMC meeting speech later today should give more clues as to how soon the FED will be hiking rates. But there is still plenty of action today in other non USD markets. Looking at the day chart on AUDJPY you can see a breakout about to happen on the upside of the Ichimoku cloud, today’s close needs to bring the lagged line above the cloud and it is complete. ADX is still low but on the rise and Stochastics also looking like there is more upside momentum too.

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