fromLondon Business News | Londonlovesbusiness.com
5 days agoIs USD/JPY only correcting, or is it truly signalling a trend reversal? - London Business News | Londonlovesbusiness.com
USDJPY has recorded a notable correction in recent sessions as it retreated from the recent peak around 157.8 to 154.9, marking a temporary weakening of the USD while reflecting new expectations regarding Japan's monetary policy. This decline does not stem from a single factor, but rather from a combination of stronger signals from the Bank of Japan (BoJ) and profit-taking from previous USD long positions.
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