USD/JPY Price Analysis: Finds some support near 23.6% Fibo., rebounds to 144.00 mark – by hareshmenghani USDJPY RiskAppetite Fed Technical Analysis Currencies
Spot prices, however, manage to rebound a few pips in the last hour and currently trade around the 144.00 round-figure mark, still down nearly 0.50% for the day.
That said, a big divergence in the monetary policy stance adopted by the Bank of Japan and other major central banks, including the Federal Reserve , caps any further gains for the JPY. Apart from this, a further rise in the US Treasury bond yields acts as a tailwind for the Greenback and limits losses for the USD/JPY pair, at least for now.
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