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USD/JPY swings continue, tracking a near 50 point range so far in Asia
globalreutersJuly 24, 20241 Mins read USD/JPY is up from its late US/early Asia lows under 155.60.
We haven’t seen news headlines out of Japan apart from the data:
This data is not usually much of a yen mover, and today is no different. The bounce back happened well before, on no fresh catalysts.
JPY swings look set to continue. USD/JPY rallies are attracting offers from those keen to take some USD/JPY longs off the table ahead of the Bank of Japan meeting next week. On the flip side those seeing continued carry opportunity are in with interest on USD/JPY dips. Keeping opportunities alive for everyone.
USD/JPY hourly chart
This article was written by Eamonn Sheridan at www.forexlive.com.
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