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USD/JPY struggles above 139.50 amid cautious markets, downbeat yields and BoJ Governor Ueda’s inflation woes
USD/JPY struggles to portray the market’s slightly downbeat sentiment, as well as hesitates to justify the Bank of Japan (BoJ) Governor Kazuo Ueda’s comments, amid an unimpressive Wednesday morning in Europe. That said, the Yen pair treads water around 139.75 by the press time while pausing the two-day losing streak from the highest levels since November 2022. While portraying the mood, the S&P500 Futures remain indecisive, mildly offered around 4,220 by the press time, after a mixed Wall Street close whereas the US Treasury bond yields stay depressed of late. Furthermore, the US Dollar Index (DXY) picks up bids ... (full story)