Tag: USD/JPY
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Dollar slides in NY FX market as payroll slowdown fuels Fed cuts bets
Market snapshot: dollar retreats in NY FX trading as payroll data stirs rate-cut bets In late trading, the U.S. dollar weakened against the yen and the euro in the New York foreign exchange market after softening U.S. jobs data reinforced bets that the Federal Reserve will deliver additional rate cuts this year. The dollar index…
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Understanding USD/JPY Stagnation and Currency Value Decline
The Current State of USD/JPY Exchange Rate The USD/JPY exchange rate has experienced a notable stagnation recently, remaining within a narrow range of 146 to 149 yen over the past month. This narrow trading band, reflecting a fluctuation of just 2%, suggests that both the dollar and the yen are exhibiting weakness. As market performance…