USD/JPY: Conflicting factors at play, sideways for now in the short-term
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#e140b6a8 ver:0.48

The USD/JPY pair is experiencing conflicting factors, leading to sideways movement in the short-term. Yen weakness has been ongoing, but uncertainty about the Bank of Japan's policy shift and weaker US economic data are capping the pair. Traders should focus on US interest rate recalibration, risk sentiment, and inflation reports for potential market volatility. The Japanese economy contracted in Q1 2024, impacting investor expectations of a rate hike. Technical analysis suggests a potential trend reversal and growing downside risks for USD/JPY. The JGB market anticipates a Q2 recovery, but the medium-term uptrend for USD/JPY remains intact. #USDJPY #forex #economy...

#newstr #Usd/jpy #JapaneseEconomy #GdpContraction #JgbMarket #TechnicalAnalysis #BankOfJapan #UsTreasuryYields 

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