USD/JPY to Stay Firm on Crude Oil Prices and US Interest Rates
The USD/JPY pair is expected to remain firm due to rising crude oil prices and increasing U.S. interest rates.
Rising crude oil prices have led to a stronger demand for the US dollar, causing it to appreciate against the Japanese yen.
Moomoo's analysis suggests that this trend will continue, citing the influence of U.S. interest rates on currency markets.