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USD/JPY attracts some sellers below 153.00, potential downside seems limited
The USD/JPY pair loses ground to around 152.95 during the early Asian session on Tuesday. The pair edges lower as the US Dollar (USD) retreats from a nearly three-month high in the previous session. However, the downside for the pair might be limited amid the uncertainty surrounding the next government’s makeup and the Bank of Japan's (BoJ) rate hike plan. An election loss by Japan's ruling coalition raises political and monetary policy uncertainty and might exert some selling pressure on the Japanese Yen (JPY). “The ruling LDP and its coalition partner lost their majority in the lower house, raising concerns ... (full story)
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- Posted: Oct 28, 2024 11:03pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,744
