USD/JPY: headed for a retest of the recent lows or will FOMC rescue the bulls?

USD/JPY bulls remained trapped overnight with the price below and failing at the 200 hourly SMA. Currently, USD/JPY is trading at 108.80, down -0.03%
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Australia Consumer Price Index (QoQ) below forecasts (0.7%) in 4Q: Actual (0.6%)

Australia Consumer Price Index (QoQ) below forecasts (0.7%) in 4Q: Actual (0.6%)
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