Japanese Yen: Sideways against US Dollar after volatile swings – MUFG
MUFG’s Teppei Ino reviews recent USD/JPY price action, noting the pair opened near 156.90 and experienced several sharp intraday swings between the 155 and 158 levels during Japan’s holiday period.
The USD/JPY pair may continue to experience volatility as traders react to recent price swings. A potential consolidation around the 156 level could lead to a breakout in either direction.
MUFG’s Teppei Ino reviews recent USD/JPY price action, noting the pair opened near 156.90 and experienced several sharp intraday swings between the 155 and 158 levels during Japan’s holiday period.
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