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Source: InvestingCube News Agency
1 month ago
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USD/JPY Price Forecast: Yen Slides as Dollar Reclaims 159.00

USD/JPY Price Forecast: Yen Slides as Dollar Reclaims 159.00

The USD/JPY exchange rate climbed back above 159.00 on Thursday as renewed weakness in the Japanese yen combined with a recovery in the US dollar.As of writing, USD/JPY is trading around 159.03, according to the latest chart, after recovering sharply from the August selloff that briefly pushed the pair below 157.00. The rebound comes as US Treasury yields move higher again following their initial decline after the Treasury Department announced plans to increase buybacks of longer-dated government debt.

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Source: InvestingCube
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