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How much longer can USD/JPY hold under 150? The USD is supported by yields, economy
Japan's finance minister was once again across the news wires with warnings on intervention.Japan fin min Suzuki verbal yen intervention comments - will take appropriate stepsThey sound rather hollow. The issue does not appear to be a weak yen, but a strong USD. EUR/JPY, GBP/JPY are not scaling lofty heights, suggesting the USD/JPY gains are USD driven. There are easily explainable factors for the stronger USD:US yields are ratcheitng higher and higherthe US economy is resilientIts difficult to...
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Posted: Oct 3 2023, 02:38
Author Name: forexlive
Views: 112558