- USD/JPY gains strong positive traction in reaction to dovish remarks by BoJ’s Ueda.
- Sliding US bond yields continues to weigh on the USD and might act as a headwind.
- The cautious market mood could benefit the JPY and contribute to capping the pair.
The USD/JPY pair kicks off the new week on a positive note and builds on its steady intraday ascent through the early North American session. The momentum lifts spot prices to a fresh daily high, around the 134.70-134.75 region in the last hour and is sponsored by the heavily offered tone surrounding the Japanese Yen (JPY).
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