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GBP/JPY momentarily out of favor

GBP/JPY showing very low price volatility across several time frames.

Intraday and daily GBP/JPY ATR measures, up from 30 min, simultaneously shrunk to levels not seen in the past four weeks of trading. Markets with extreme low volatility do not perform well because they have less direction for trend following and less volatility for mean reversion. It is advised to wait for an expansion of volatility before entering GBP/JPY.

Fed to hike rates in spite of September dip in labour market – Commerzbank

Research Team at Commerzbank, suggest that the job growth of only 142,000 in September was clearly disappointing but we still expect the Fed to take the first step in December and then increase rates further at a relatively modest pace, initially of 25 basis points per quarter before stepping up the pace when it sees much higher inflation risks.
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