The positive news on trade deals continue to boost the US Dollar. This has more to do with positioning rather than fundamentals for now. In fact, the short dollar trade has been one of the most crowded ones and therefore it's at risk of unwindings on positive news on the trade front.
USDJPY is now up more than 0.6% on the day as the positive risk sentiment weighs on the Japanese Yen. For the USD, there's also a scenario where we could see a bigger upside move if very good outcomes on the trade front make the market to reprice interest rate expectations all the way down to just one cut for the Fed in 2025.
Hence then, the article about the us dollar extends gains against the jpy on positive sentiment 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( The US Dollar extends gains against the JPY on positive sentiment )
Also on site :
- Body recovered from Lake Natoma amid search for missing man
- ‘The Princess Bride’ Star Cary Elwes Shares Tribute to Rob Reiner: ‘From That Very First Meeting I Fell In Love With Him’
- Passengers stuck on Delta flight for more than two hours after landing at Rochester airport