Review of USDJPY
The USD/JPY pair on Monday, 11th November was trading at 108.945 which indicates a mixed trend. As far as the Yen is concerned, it is currently under pressure against a resurging USD. The strength of the US Dollar comes as a result of Fed’s disinclined approach towards underwriting multiple rate of interest cuts, in view of the strong American economy and the twisted China-US trade relations. The pair has been witnessing an uptrend since 7th of October after dropping to lower levels around 25th of August.
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