AUDJPY price struggled to capitalize on its attempted intraday recovery move and remained depressed. What can traders expect next?
The USDJPY price outlook shows that the pair declined to an intraday low of 110.35 today. This analysis shows why is the Yen set to fall.
The USDJPY price outlook shows that the pair put in a strong green candle with gains of around 1.6% yesterday. What factors contributed to the surge?
According to Kozo Yamamoto (Head of the Liberal Democratic Party), Japan plans to create Yen Digital Currency. It should be done within two to three years.
Japanese yen declined slightly after the PMI data from Japan. The USDJPY pair reached a low of 106.39 from the previous high of 106.65.
Japanese yen edges higher following the safe-haven assets ending the day higher amid ruling uncertainty.
The USDJPY pair came under fresh selling pressure and hit fresh session lows near 106.44 in early trades.
In the past 24 hours, the USDJPY pair has dropped sharply to a low of 106.85 in reaction to the Fed and tariff announcements.
The US dollar has broken to the upside against the Yen, following a strong bid in the greenback after the FOMC rate decision.