7 months ago
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ARTICLE AD BOX
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The week begins with USD/JPY posting a gain of just over 0.5%. However, this mild recovery comes after the pair recorded a decline of nearly 3.00% over the previous five sessions. The recent bearish bias in favor of the yen is mainly explained by the loss of consistency in U.S. dollar strength, as well as the stability observed in Japanese bond yields, which have acted as key catalysts supporting demand for the yen in the short term. If this dynamic persists, selling pressure could continue to dominate USD/JPY price action in the coming sessions. Despite the lack of recent updates from both the Japanese government ... (full story)
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