USDJPY strength even after bad advance GDP data

USDJPY has bounced after FED statement which clearly stated that the rate hike is inevitable after further job gains. We think it could come in September or December, but December seems more likely. According to Reuters poll economic growth in US is picking up pace which goes in accordance with FED’s possible tightening monetary policy in September. USD has shown strength even after bad preliminary GDP data. Technically USDJPY is showing V shaped reversal variant 2 with a possible rejection
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