USD/YEN going lower
Dropping below the cloud with a bearish TK cross on the weekly timeframe leaves little room for a bullish outlook.
The USD is weakening amid a probable recession and upcoming rate cuts, while the Bank of Japan is set to raise interest rates for the first time in years. This could pressure YEN borrowers and create stress in the markets.
The USD is weakening amid a probable recession and upcoming rate cuts, while the Bank of Japan is set to raise interest rates for the first time in years. This could pressure YEN borrowers and create stress in the markets.
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