USDJPY Continues Upward Trend as Yen Loses Safe-Haven Edge
The USDJPY pair continues its upward momentum, trading around 14500 on Wednesday and approaching a two-week low for the Japanese yen. The demand for safe-haven assets has dwindled, fueled by rising optimism over USChina trade negotiations. This shift offers favorable conditions for the USD while putting pressure on the yen, which may continue to fluctuate as market sentiments evolve. Traders are advised to monitor these developments closely as they can lead to significant trading opportunities in the near term.