USD/JPY struggles to maintain momentum, retreating from weekly lows as hawkish BoJ sentiment and a softer greenback keep the pair under bearish pressure.
USD/JPY is attracting sellers for a second straight day on Thursday and is struggling to capitalize on its rebound from the 157.40 weekly low. The article attributes yen strength to hawkish BoJ Minutes and a weak USD, which points to a lower USD/JPY in the coming days. The prior rebound from 157.40 is the main counterweight.
The article cites the 157.40 area as the weekly low.
The article points to hawkish BoJ Minutes and a weak USD.
The USD/JPY pair faces renewed selling pressure on Thursday, failing to sustain its recovery from the 157.40 weekly low. Hawkish signals from the Bank of Japan minutes combined with a broader weakness in the US Dollar are driving the pair lower for the second consecutive session.
The pair is struggling to maintain gains, with sellers active for the second straight day after failing to hold a rebound from the 157.40 weekly low.
The Yen is benefiting from hawkish Bank of Japan minutes and a general weakness in the US Dollar.