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Forex

USD/JPY Trades Sideways After Sharp Post-Hike Rally

Guavy AI Editorial Team
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USD JPY
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The USD/JPY currency pair is expected to trade sideways as it undergoes a technical correction following its sharp rise on the US rate hike of 17th. This correction is a natural response to the recent surge, which saw the pair touch certain levels. The market is now likely to consolidate and re-evaluate its position before making any further moves.

The Featured Tech Stocks mentioned in the source have no direct correlation with the USD/JPY currency pair's technical correction or the US rate hike. They are leading technology companies with strong market presence, influential in their industries, and notable for robust innovation and profitability.

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