USD/JPY is hitting a fresh six-week low as the dollar weakens broadly.
Since Monday, the US dollar has been under steady pressure as the market re-evaluates how hard it expects the Trump administration to go on tariffs. There's an increasing sense that they're more of a negotiating tactic than something that will be implemented. That's led to considerably less angst, helping stocks and bonds. With yields falling around 40 bps from the highs, there is ongoing downward pressure on the dollar.
It's a broad move that's been unevenly distributed. USD/JPY is particularly weak today after a BOJ official talked about a faster pace of rate hikes. It's the third day of heavy selling in the pair, which is trading at the lowest since December 11.
For the Canadian dollar, there is a palpable sense of relief around tariffs and that's led to USD/CAD going from a 20-year high to a test of the bottom of the six-week range.
Even the pound, which slumped on the Bank of England rate cut has now recouped most of the post-decision decline.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about us dollar feels some fresh pressure was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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