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USD/JPY is testing 1.40 once again as the dollar climbs

The yen is broadly softer today but the US dollar is taking particular advantage in the wake of the strong non-farm payrolls report.USD/JPY stalled out yesterday just ahead of 140.00 but broke through today as the pair benefits from rising long-term Treasury yields. One of the drivers of higher yields is a warning from Fitch that it will continue to evaluate the US's AAA rating for a downgrade in Q3. That development certainly wouldn't be good news for the dollar but for the moment it's yields i... Read More

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Usd

Jpy

Testing

40 Once

Again

Dollar

Climbs

Usd jpy

Forex

Posted: Jun 2 2023, 17:50

Author Name: forexlive

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