May 7, 2024
USD/JPY trades higher as USD finds its feet. Intervention still a threat
USD/JPY trades at 154.35 on Tuesday, up almost three tenths of a percentage point, mainly as a result of the US Dollar (USD) ending its post-FOMC losing streak and recovering on the back of comments from Federal Reserve (Fed) officials suggesting they are not in a hurry to cut interest rates.
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