USD/JPY: Bulls control the market situation

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06.02.2024 01:22 PM

The yen seriously disappointed its supporters at the start. At the end of 2023, significant expectations were placed on it. Due to the anticipated divergence in the monetary policies of the Federal Reserve and the Bank of Japan (BoJ), the USD/JPY pair was expected to decline. However, in early February, the Japanese yen lost more than 5% of its value against the U.S. dollar and rightfully holds the position of the main underperformer among G10 currencies. This trend has persisted

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