China’s upward guidance of the yuan weighed on the dollar. The yen strengthened over 0.5%, reaching its highest point in seven weeks. Investors are anticipating the release of Fed minutes. On Tuesday, the USD/JPY outlook was bearish, driven by the dollar’s decline to new lows against the yen. This movement came due to China’s upward…
The post USD/JPY Outlook: China’s Yuan Guidance Weakens the Dollar appeared first on Forex Crunch.
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