Japanese Yen Outlook: US CPI, Intervention Risks Put USD/JPY Bulls on Notice

The Japanese yen came under broad pressure on Monday, allowing yen crosses to recover some of their post-intervention losses. However, with the MOF and US Treasury prepared to coordinate again and US CPI due Wednesday, yen bears may be playing with fire as USD/JPY approaches key resistance.

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Source: Forexcom

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Category Forex

Source Forexcom

Published 1 month ago

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News ID #5,043

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