USD/JPY Traders Warned of Sideways Trade Amid Rising U.S. Yields
The USD/JPY pair is expected to trade sideways as rising U.S. yields and intervention concerns weigh on the currency.
Rising U.S. yields have been a significant driver of market sentiment in recent days, influencing currency markets worldwide.
The Moomoo report highlights the impact of these rising yields on the USD/JPY pair, stating that it is likely to trade sideways amid concerns over intervention.