Financial Digest

USD/JPY rises to near 154.00 amid improved US Dollar

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

USDJPY News

Majors,Macroeconomics,Japan

USD/JPY extends gains for the second successive session, trading around 154.00 during the European hours.

USD/JPY gained ground due to an upward correction in the Greenback The US Dollar could face challenges due to rekindled hopes for rate cuts by the Fed in 2024. The safe-haven Japanese Yen depreciates amid the prevailing risk appetite. The upward correction in the US Dollar provides support for the US Dollar, consequently, underpinning the USD/JPY pair. However, the Greenback could face resistance due to investors’ optimism following the softer US labor data on Friday.

The weaker US Treasury yields contribute to limiting the advance of the US Dollar. 2-year and 10-year yields on US Treasury bonds stand at 4.80% and 4.45%, respectively, by the press time. In Japan, Masato Kanda, Japan's top currency diplomat, hinted at potential measures to address excessive market fluctuations earlier on Tuesday. Last week, the Japanese Yen experienced appreciation amid speculation of government intervention by Japanese authorities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/JPY Outlook: Hot US Inflation Propels USD/JPY to Worrying LevelsJapanese finance officials issued a further warning centered around the volatility of recent yen weakness, explicitly mentioning USD/JPY levels currently in play
Source: DailyFX - 🏆 305. / 63 Read more »

USD/JPY extends recovery above 154.00, focus on FedspeakThe USD/JPY pair trades on a stronger note around 154.10 on Tuesday during the early Asian trading hours.
Source: FXStreetNews - 🏆 14. / 72 Read more »