The dollar was trading in a narrow range against the euro and the yen on Thursday as investors awaited the conclusion of the closely watched Federal Reserve policy setting meeting later in the day.EUR/USD inched up 0.12% to 1.1304 from 1.1288 late Wednesday. The dollar pushed higher against the yen, with USD/JPY up 0.2% to 120.8 compared to 120.55 late Wednesday.Markets showed little reaction after trade data showed that Japan’s exports slowed for a second straight month in August, underlining fears over slowing global demand and adding to pressure on the Bank of Japan to expand its stimulus program.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5580 TARGET 1.5600 1.5630 SL 1.5550
SELL GBP/USD BELOW 1.5550 TARGET 1.5530 1.5500 SL 1.5580
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