Comments from the Deputy Governor of the Bank of Japan indicated that they are comfortable with continued accommodative financial conditions through low rates and will continue on with this policy until economic data provides conclusive evidence of inflationary pressure.
Todd Gordon takes another look at the Elliott Wave count and entertains the idea that 1.3000 might not hold, and if not, the next target is approximately 1.3300.
Todd Gordon writes that the EUR/USD currency pair is waiting for traders to return from a holiday weekend to determine the fate of a descending triangle, as well as a 2-month uptrend channel.
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