USD/JPY reached a new 15-day high at around 150.05, though the price was quickly rejected, as seen by the 5-minute chart, amid fears of Japanese autho
USD/JPY reached a new 15-day high at around 150.05, but fears of Japanese intervention led to a quick rejection. Wall Street continues to print losses, while the US 10-year benchmark note rate is 4.95%, supporting USD/JPY. Upcoming data includes Foreign Bond Investment and Stock Investment by Foreigners in Japan and third-quarter GDP and unemployment claims data in the US. rities' intervention in the Forex markets. At the time of writing, the pair exchanges hand volatile within the 149.
These positive data, combined with earlier reports like the S&P Global PMIs for the US showing improvements in business activity, support the US Dollar. This could suggest an increasing likelihood of a soft economic landing in the US. Israel prepares ground offensive, according to its Prime Minister On the geopolitical front, Israeli Prime Minister Benjamin Netanyahu crossed the wires, saying, “we are preparing for a ground invasion.
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