USDJPY: Continuing uptrend!
Hello everyone, what are your thoughts on the recent developments in USDJPY?
Currently, the USD/JPY pair is showing a significant upward trend due to a substantial interest rate differential between the United States and Japan. With the Federal Reserve setting the Federal Fund Rate at 5.25%-5.50% and the Bank of Japan maintaining near-zero interest rates at 0.0%-0.1%, the USD holds a clear advantage in attracting investment compared to the JPY. This continues to support the upward trajectory of USD/JPY.
Currently, the USD/JPY pair is showing a significant upward trend due to a substantial interest rate differential between the United States and Japan. With the Federal Reserve setting the Federal Fund Rate at 5.25%-5.50% and the Bank of Japan maintaining near-zero interest rates at 0.0%-0.1%, the USD holds a clear advantage in attracting investment compared to the JPY. This continues to support the upward trajectory of USD/JPY.
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