Japanese Yen Benefits From Reviving Safe-Haven Demand; USD/JPY Slumps to Nearly Two-Week Low

Japanese Yen benefits from reviving safe-haven demand; USD/JPY slumps to nearly two-week low | The New York Ledger

The Japanese Yen draws in fresh purchasers following the previous day’s modest decrease. The USD plunges to over a three-year low and puts in extra pressure on USD/JPY. Traders now anticipate essential inflation figures from Japan and the United States on Friday. The Japanese Yen (JPY) intraday purchasing stays unabated through the early European session on Thursday, which, together with a broadly weaker United States Dollar (USD), drags the USD…

Japanese Yen benefits from reviving safe-haven demand; USD/JPY slumps to nearly two-week low

The Japanese Yen (JPY) intraday buying remains unabated through the early European session on Thursday, which, along with a broadly weaker US Dollar (USD), drags the USD/JPY pair to a nearly two-week low in the last hour.