Japanese Yen loses ground as Trump rejects Iran proposal ahead of US CPI
The USD/JPY pair elevates near the 157.10 region on Monday, with the US Dollar (USD) strenghtening after United States (US) President Donald Trump rejected Iran’s latest peace proposal, calling it “totally unacceptable.”
The USD/JPY pair is likely to continue strengthening as the US Dollar gains momentum from the geopolitical tensions. Traders may anticipate further movements towards the 158.00 level, especially ahead of the upcoming US CPI data.
The USD/JPY pair elevates near the 157.10 region on Monday, with the US Dollar (USD) strenghtening after United States (US) President Donald Trump rejected Iran’s latest peace proposal, calling it “totally unacceptable.”
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