USD/JPY Corrects Slightly Below 161.00 as Japan’s Intervention Fears Intensify, US NFP Eyed
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#7b7dea38 ver:0.22

The USD/JPY pair corrects slightly below 161.00 as fears of intervention by the Bank of Japan intensify, while market players await US NFP data. The divergence in monetary policy between Japan and the US continues to undermine the JPY, but expectations of Fed rate cuts and fear of FX intervention may cap the pair's upside. Traders are closely watching the possible intervention by the BoJ, which could underpin the JPY and create headwinds for USD/JPY. The US NFP data is estimated to show 190K job additions in June, while the Unemployment Rate is expected to remain unchanged at 4%. #USDJPY #forex #NFP...

#newstr #Usd/jpy #Japan #UsDollar #BankOfJapan #MonetaryPolicy #UsNonfarmPayrolls #InterestRates 

 https://here.news/story/7b7dea38?ver=0.22