USD/JPY slumped to a fresh all time low in recent trade on widespread Dollar weakness. USD/JPY accelerated to the downside and broke below its previous low at 76.25 to set a fresh never seen low at 75.94.
However, USD/JPY quickly bounced back above 76.00 and at time of writing it is trading at the 76.15 area, recording a 0.54% loss on the day.
Now all eyes are on Japan to see whether its officials will act after the Dollar hit a fresh record low against the Yen. Japanese officials have been threatening with stepping in the FX market to curb Yen's strength.
Now all eyes are on Japan to see whether its officials will act after the Dollar hit a fresh record low against the Yen. Japanese officials have been threatening with stepping in the FX market to curb Yen's strength.
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