USD/JPY and USD/CAD Test Resistance Ahead of Fresh Fed Signals
Source: Action Forex - https://www.actionforex.com/contributors/technical-analysis/648772-usd-jpy-and-usd-cad-test-resistance-ahead-of-fresh-fed-signals/
Published: Jul 29, 2026 2:25 AM
The US dollar continues to hold the upper hand against most major currencies ahead of the outcome of the latest Federal Reserve meeting. While the base-case scenario remains for interest rates to stay unchanged, markets are also pricing in the possibility of a rate hike.
Market context: This update is relevant to USD traders, with USDJPY as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.
Medium Impact
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