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November 19, 2024

USD/JPY Price Forecast: Drops below 154.00 as traders flock to safety on Ukraine-Russia conflict

The Japanese Yen registered solid gains versus the US Dollar in early trading on Tuesday, exchanging hands at 153.83 at the time of writing. Risk aversion sponsored by the escalation of the Ukraine-Russia conflict keeps traders seeking the safety of haven currencies, like the Yen and the Swiss Franc.

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