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USD/JPY turns lower in European trading

I don't see any headlines driving the drop but if anything else, I think we might be seeing some positioning plays in anticipation of the BOJ tomorrow. The Japanese central bank is still the one with the most propensity to surprise markets and I reckon we are seeing some profit-taking in longs considering that Treasury yields are still holding up on the day so far. The pair is now down 0.3% to 147.88 from around 148.30 levels earlier in the session: This article was written by J... Read More

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Usd

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Turns

Lower

European

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Usd jpy

Forex

Posted: Sep 21 2023, 10:43

Author Name: forexlive

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