USDJPY Outlook: What’s Next for the Yen?
The USDJPY exchange rate plummeted sharply on Friday in anticipation of a significant parliamentary speech from Japan’s Prime Minister Shigeru Ishiba. The decline comes as the recent rally of the US dollar index (DXY) is losing momentum. Investors and traders should keep a close watch on how this upcoming speech could influence market sentiment and currency movements in the short term. Preparing for the potential effects of political events on the exchange rate will be essential for effective trading.
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