17 minutes ago

 USD/JPY eases to 159.40 amid hopes of a peace deal in Iran

The US Dollar (USD) nudges lower against the Japanese Yen (JPY) on Monday, with trading volumes at low levels as most markets remain closed on Easter Monday. The pair hit session lows at 159.35 on the early European session, as hopes of a peace deal in Iran are putting the US Dollar under pressure.
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1 hour ago

USD/JPY: Overextension near 160 raises BoJ risk – DBS

Philip Wee at DBS Group Research argues that USD/JPY looks overextended as it tests Japan’s 160 pain threshold. The pair is supported by the US-Japan rate differential, but markets now price a roughly two-thirds chance of a Bank of Japan (BoJ) rate hike on April 28.
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