JPY Struggles Amid Rising US Dollar Strength
The Japanese Yen is struggling to capitalize on the boost from rising domestic inflation. Uncertainty surrounding the Bank of Japan's (BoJ) interest rate hikes, combined with an optimistic market sentiment and soaring US Treasury yields, has kept JPY under pressure.
Meanwhile, the US Dollar continues its dominance, hitting a new yearly high and providing further support to the USD/JPY pair. The relentless strength of the USD has bolstered buyers, leaving the Yen with little room to recover in the near term.
Meanwhile, the US Dollar continues its dominance, hitting a new yearly high and providing further support to the USD/JPY pair. The relentless strength of the USD has bolstered buyers, leaving the Yen with little room to recover in the near term.
✅Are you looking for high-quality trading signals, in-depth market knowledge, and free support?
Join me and gain access to all of this for free!
✅Click the link below:
t.me/+m9DoMhyS-9VhOTBl
Join me and gain access to all of this for free!
✅Click the link below:
t.me/+m9DoMhyS-9VhOTBl
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.