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US dollar storms back as USD/JPY rises above 140.00

The US dollar didn't stay down for long.USD/JPY is a good illustration of the rollercoaster in the forex market today as it sank in rapid fashion just ahead of 10 am in New York only to pull a U-turn and a rip to the highs of the day.What's been tough for traders is that none of these moves came on any kind of fundamental news. The lone US release today was trade balance and it was close to estimates.The Bank of Canada hike may have led market participants to price in a higher chance of a hike f... Read More

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Content Topics

Dollar

Storms

Back

Usd

Jpy

Rises

Above

140

00 Usd jpy

140 00

Forex

Posted: Jun 7 2023, 15:55

Author Name: forexlive

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