Saturday, 28 September 2024

Japanese Yen Rises 1.3% vs Dollar on Political News/Economic Data

by BD Banks

USDJPY rose to three-week high (146.49) and subsequently fell over three full figures on Friday, on speculations about new prime minister’s support to BOJ’s further policy tightening, which was seen as a violation of central bank’s independence, initially weakening yen and then sparking strong rally after news proved false. Yen strengthened more after US data […]

The post Japanese Yen Rises 1.3% vs Dollar on Political News/Economic Data appeared first on Action Forex.

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