USD/JPY Price Analysis: Bounces off multi-week low, remains vulnerable below 61.8% Fibo. USDJPY RiskAversion Bonds Technical Analysis Currencies
egion on Friday. Spot prices, however, trim a part of the intraday losses and trade just above the 130.00 psychological mark during the early North American session, still down nearly 0.50% for the day.
Furthermore, the narrowing of the US-Japan rate differential, led by the ongoing steep decline in the US Treasury bond yields in the wake of the Federal Reserve's hints of a pause to interest rate hikes, is seen driving flows towards the JPY. That said, a strong broad-based US Dollar rally lends some support to the USD/JPY pair and helps limit any further losses, at least for the time being.
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