#USDJPY almost recovered 50% of its losses
News of the Bank of Japan's intervention in the market on Friday was behind the latest shift in the movement, with the decline in US bond yields pressured somewhat to see the USDJPY pair at 145.90 to test support before the latest recovery
The pair almost recovered 50% of its losses, and the bets are still on returning to the top of the last peak, especially with the Bank of Japan not commenting on the mentioned news
Bets that the Fed will continue to tighten and the recovery of US bond yields will limit the pair’s decline in the coming period, with its support for the dollar, which started receiving buying requests with the opening of the week’s trading
The pair almost recovered 50% of its losses, and the bets are still on returning to the top of the last peak, especially with the Bank of Japan not commenting on the mentioned news
Bets that the Fed will continue to tighten and the recovery of US bond yields will limit the pair’s decline in the coming period, with its support for the dollar, which started receiving buying requests with the opening of the week’s trading