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USD/JPY is steady above 146.00 as early Tokyo opens following Friday's wild ride

The yen is on the weak side again with USD/JPY sitting above 146.00 as I update.The long story short on USD/JPY is that higher US yields (with a gap between US 2- and Japanese 2-year yields not far from 500bps)the view that the Federal Open Market Committee (FOMC) will be higher for longerand that the Bank of Japan is showing no signs of an imminent change in super-easy monetary policyremains supportive for the pair. The latest from the US is that Fridays' jobs report is suggestive of an economy... Read More

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Usd

Jpy

Steady

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146

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Tokyo

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Usd jpy

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Forex

Posted: Sep 3 2023, 22:35

Author Name: forexlive

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