USDJPY: Buyer's Opportunity!
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Fundamental Overview
The USD Index, which follows the performance of the US dollar against other currencies, has declined and is impacting the USD/JPY pair. There are concerns about the banking sector crisis in the US, a potential recession, and the US debt ceiling, leading to speculation that the Federal Reserve may cut interest rates later this year. As a result, US Treasury bond yields are decreasing, causing the US dollar to weaken.
Plan trade in the intro ♥
The USD Index, which follows the performance of the US dollar against other currencies, has declined and is impacting the USD/JPY pair. There are concerns about the banking sector crisis in the US, a potential recession, and the US debt ceiling, leading to speculation that the Federal Reserve may cut interest rates later this year. As a result, US Treasury bond yields are decreasing, causing the US dollar to weaken.
Plan trade in the intro ♥
Transaction en cours
Transaction en cours
Plan trade in the introTrade fermée: ordre d’arrêt atteint
Hit full TPNote
The USD/JPY rose sharply after the first monetary policy decision by the Bank of Japan (BoJ) new Governor Kazuo Ueda struck a dovish tone, a greenlight for US Dollar (USD) buyers, against the Japanese Yen. (JPY). Therefore, the USD/JPY extended its gains of more than 1.73%, trading at 136.27.
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