USD/JPY is the exchange rate between the US dollar and the Japanese yen, a major pair sensitive to interest-rate differentials.
Treasury yields flattened as traders reassess their bets on further Fed rate hikes, while an upcoming overhaul of the Fed's preferred inflation gauge adds uncertainty around future policy. Meanwhile, recent BOJ announcements focused on forums and surveys, not monetary-policy changes, leaving the rate differential between the U.S. and Japan as the primary driver for USDJPY.
Updated 1 hr. ago
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