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Forex

USDJPY Hits 40-Year Highs Amid Oil Price Easing and Global Tensions

Guavy AI Editorial Team
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USD JPY
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Oil prices have eased back this morning, but global tensions remain high. The Japanese yen, meanwhile, has reached 40-year lows against the US dollar, with USD/JPY hitting highs.

In an analysis by FOREX.com's Global Head of Research Matt Weller, he breaks down the key news ahead of the US Open and examines today's chart of the day, USD/JPY.

The case for immediate intervention in the yen market may be fading, according to Weller. Despite the yen's low levels, there has been no indication from Japanese authorities that they plan to intervene in the currency markets.

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