USD/JPY Forex Update: Tokyo Warnings Impact USD - What to Expect Next?
Friday, 29 March 2024, 09:55
USD/JPY Forex Update
The Japanese yen faces pressure as Tokyo officials intervene ahead of Easter break.
BOJ's Policy Changes
- The BOJ took a big step in ending negative rates and yield curve control.
- But, inflation trends in Japan may hinder further normalization steps.
USD/JPY Traders Cautious
- Traders cautious near key technical ceiling.
- Market sentiment influenced by Tokyo's warnings.
Future movements rely on US jobs report and Tokyo's potential intervention amidst rising pressure.
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