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USD/JPY Nears 160 as Yen Weakness

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USD/JPY is currently positioned around 159.30-159.50 on Friday, nearing the significant ¥160 threshold that has become the focal point for momentum buyers, those monitoring for intervention, and the Bank of Japan’s increasingly challenging policy calculations. The pair declined to ¥158.00 earlier this week, reaching a low of 158.48 on April 9, before initiating a recovery … Read more

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USD/JPY Near 160 as Yield Gap Drives Rally

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The USD/JPY pair is currently positioned between 159.60 and 159.75 on Monday, hovering just beneath the significant 160.00 level, which has marked the upper limit of the Japanese monetary authority’s tolerance for yen depreciation over the last two years. The pair has achieved a 4.63% increase over the last four weeks — marking the most … Read more