USDJPY And US Yeilds Driving The FX
USDJPY was the first one that turned up/ JPY down back in Dec 2020, others followed later. Now, we have USDJPY first pair with clear five down breaking the trendline support. This is also based on recent turn down on US yields. We will see what Powell will deliever today. They may want higher USD, to help bring down the inflation, but any recovery on USDJPY will be seen as temporary.
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