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USD/JPY Dips to 156.10 as Yen Gains on Fed Rate Cut Hopes

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The USD/JPY pair is currently positioned around 156.10, experiencing a decline for the fifth consecutive session as the yen strengthens in response to increasing anticipations of a Federal Reserve rate cut at the upcoming December 11 FOMC meeting. The recent shift signifies the initial prolonged retreat since early October, when the pair ascended to a … Read more

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USD/JPY Outlook – 152.85 Amid 153K U.S. Job Cuts

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USD/JPY declined to approximately 152.85 in late Friday trading, following a rejection near 153.50, resulting in a 0.6% loss for the week as investors adopted a more cautious stance ahead of the U.S. consumer sentiment data. The pair initially experienced an uptick as disappointing Japanese household spending figures led to a depreciation of the yen; … Read more