USDJPY : The recovery momentum has not ended
Greetings, esteemed forex enthusiasts!
Today, the USD/JPY is exhibiting a robust rebound, currently stationed at the 148.45 mark. It has ascended to a more than one-week high during the closing session of the week. A haze of uncertainty over the Bank of Japan's policy stance, coupled with expectations that the Fed might sustain its higher interest rate policy for an extended period amidst steady inflation rates, turns out to be the primary pillars bolstering this currency pair. Keep a close eye as these dynamics play out, shaping the market's direction.
Today, the USD/JPY is exhibiting a robust rebound, currently stationed at the 148.45 mark. It has ascended to a more than one-week high during the closing session of the week. A haze of uncertainty over the Bank of Japan's policy stance, coupled with expectations that the Fed might sustain its higher interest rate policy for an extended period amidst steady inflation rates, turns out to be the primary pillars bolstering this currency pair. Keep a close eye as these dynamics play out, shaping the market's direction.
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