USDJPY

USD/JPY remains depressed near 109 in the Asian session. Lower US Treasury yields undermine the

The risk-on mood undermined the safe-haven JPY and assisted USD/JPY to gain some traction. The

USD/JPY still targets the 110.00 region in the short-term horizon, noted FX Strategists at UOB

The Bank of Japan Minutes of the Monetary Policy Meeting on March 18 and 19, 2021

A softer risk tone benefitted the safe-haven JPY and prompted some selling around USD/JPY. A

The Japanese yen remains weak as the USD/JPY pair has reached the 55-day moving average.

A combination of factors assisted USD/JPY to regain positive traction on Thursday. The post-FOMC USD

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