USD/JPY Struggles as Soft ISM Services Report Takes Toll
The USD/JPY pair experienced a setback as buyers tried to hold above the 100-hour moving average but ultimately failed. A recently released softer ISM services report added further pressure on the dollar. Despite attempts to breach the 151.00 level, the lack of momentum resulted in a pullback as sentiments shifted towards caution. This movement highlights the fragility of the dollar at this juncture, as investors weigh the implications of economic data on future currency strength.
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