USD/JPY Drops to Near 151.50 on US Dollar Correction
The USD/JPY pair is experiencing a significant drop, down nearly 1% as it approaches the 151.50 level during European trading hours. This decline follows the US Dollar’s ongoing correction as market participants anticipate President-elect Donald Trump’s Treasury Secretary nomination of Scott Bessent. Analysts believe this choice may promote fiscal discipline while advancing Trump’s economic agenda. Traders should monitor the situation closely as it can lead to further fluctuations in USD/JPY.
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