U.S. Dollar / Japanese YenUpdated USD/JPY recovers early lost ground
Following the publication of Japan's final GDP report, fresh buying interest is observed in USD/JPY. However, concerns about intervention are preventing bullish traders from entering new positions due to a slight decline in the value of the US dollar. The divergent policies between the Federal Reserve and Bank of Japan indicate that there is a higher probability for prices to rise than fall.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.