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USD/JPY Price Correcting Below 115.50 as Greenback Softens on Monday

Started by forex4you, Feb 03, 2022, 04:07 am

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USD/JPY Price Correcting Below 115.50 as Greenback Softens on Monday

On Monday, USD/JPY gained positive momentum due to a combination of factors. Rising US bond yields were helped by positive risk sentiment that undermined the safe-haven JPY Yen. Gains were capped by the start of some profit-taking in US dollars, which discouraged bulls from placing new bets. The USD/JPY price traded just below 115.50, up … Continued


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Source: USD/JPY Price Correcting Below 115.50 as Greenback Softens on Monday
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