USD/JPY soared to 162.78 in the middle of the week, reaching its highest level in nearly 40 years. This sharp move has intensified expectations of possible currency intervention by Japanese authorities to support the national currency. Particular attention is focused on Friday, when US markets will be closed in observance of Independence Day. Low liquidity […]
The post USD/JPY at 40-Year High: Multiple Factors Weigh on the Yen appeared first on ActionForex.
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