Today's analysis: USD/JPY Eases Below 157.50 Amid Yen Gains and Treasury Yield Impact
USD/JPY trades below 157.50 due to Yen strength after warnings from Japanese authorities, despite US Dollar strength and rising US Treasury yields. Suspected intervention pushed the pair to a one-month low, with traders cautious of further actions. Slight improvements in US Treasury yields support the Dollar, but expectations of a Federal Reserve rate cut in September may limit gains.
2024-07-22