U.S. Dollar / Japanese YenUpdated 09/06 - USDJPY
The UJ pair has attracted some bearish buying near the 138.75 region, which is a new weekly low touched during today's Asian session.
As a result, the pair has partially recovered from the previous day's heavy losses and is currently trading around the 139.30 region, up nearly 0.30% on the day.
Furthermore, a slight rise in US Treasury yields supported the US Dollar to regain some positive traction following an overnight drop to two-week lows. This is expected to act as a headwind for the UJ pair.
However, fears of a global recession, especially in China, could benefit the safe-haven JPY and prevent any significant upside in the pair. .
As a result, the pair has partially recovered from the previous day's heavy losses and is currently trading around the 139.30 region, up nearly 0.30% on the day.
Furthermore, a slight rise in US Treasury yields supported the US Dollar to regain some positive traction following an overnight drop to two-week lows. This is expected to act as a headwind for the UJ pair.
However, fears of a global recession, especially in China, could benefit the safe-haven JPY and prevent any significant upside in the pair. .
Note
The Bank of Japan will maintain the current monetary easing policy.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.