USDJPY: Next hurdle is seen at 140.00
Updated
The USD/JPY pair is currently holding steady at around 139.20 during the Asian trading session, following a slight pullback from its weekly high near the 140.00 level on Wednesday. However, concerns regarding China's economic slowdown, worsening US-China relations, and geopolitical tensions may provide support for the safe-haven Japanese Yen (JPY), which could limit the upside potential of the USD/JPY pair.
In response to the US's consideration of foreign investment and restrictions on AI chips, China's Ambassador, Xie Feng, expressed criticism and warned of retaliation if the US imposes further curbs on Beijing's chip sector.
In response to the US's consideration of foreign investment and restrictions on AI chips, China's Ambassador, Xie Feng, expressed criticism and warned of retaliation if the US imposes further curbs on Beijing's chip sector.
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