The USDJPY eases from new highest (137.00) since 1998, posted on Wednesday, as dollar loses traction on concerns that economic growth slowdown and possible recession may shorten Fed’s tightening cycle, that signaled traders to take profits. Larger uptrend remains intact and the pair is on track for 5.6% monthly gain, though risk of deeper correction […]
The post USD/JPY: Dollar Takes a Breather after Hitting New 24-Year High vs Yen appeared first on Action Forex.
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