The greenback’s personal vulnerabilities this week can be contributing to the drop within the pair however thus far in buying and selling as we speak, it’s extra concerning the Japanese yen. The pair is now all the way down to 140.87 with the yen up 0.7% towards the greenback. Different main currencies should not doing a complete lot compared for essentially the most half.
The drop right here sees USD/JPY now at its lowest because the finish of July and should look in direction of a take a look at of 140.00 as sellers exert additional management.
As for the outlook going into subsequent yr, I shared some ideas earlier this week: The Japanese yen is an early contender for essentially the most fascinating main foreign money in 2024
This text was written by Justin Low at www.forexlive.com.
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