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USD/JPY eyes back-to-back down days as upside momentum stalls

It has been a good run for the pair since the beginning of last week but it seems like the upside momentum is running out of steam now. As Treasury yields hit a bit of a wall, we are also seeing USD/JPY drop off a little today. The pair is down 0.3% today to 145.37 currently.On top of the bond market developments, there is also the fact that between here and the 150.00 mark, we're pretty much in intervention territory by Japanese officials. That also subtracts from the more bullish appetite and... Read More

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Days

Upside

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Usd jpy

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Forex

Posted: Aug 18 2023, 05:54

Author Name: forexlive

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