USD/JPY retraces toward 147.50 ?
USD/JPY has been yo-yo-ing between 148.00 and 147.00 levels on Japanese intervention fears and broad risk aversion. At the time of writing, the pair is losing 0.21% on the day at 147.482
The Federal Reserve (Fed) is anticipated to keep interest rates at a higher level for a more extended period. This hawkish outlook continues to support the US Treasury bond yields, which favors the Greenback’s bulls.
The Federal Reserve (Fed) is anticipated to keep interest rates at a higher level for a more extended period. This hawkish outlook continues to support the US Treasury bond yields, which favors the Greenback’s bulls.
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