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USD/JPY Outlook: Time for Yen to Recover as Bears Intensify Below 136

Posted by: Forex Crunch in Forex Analysis July 4, 2022

It appears investors have reinstated the yen as a safe-haven currency amid global recession fears. The markets are speculating on a possible hawkish Bank of Japan, which might boost the yen against the dollar. USD/JPY positively correlates with US Treasury yields which have dropped below 2.8%. Today’s USD/JPY outlook is bearish amid global recession concerns … Continued
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