USD/JPY Exhibits Nervous Trading Behavior; Focus on U.S. Consumer Confidence Index in Overseas Markets
The USD/JPY pair is nearing 160 yen, with intervention concerns keeping traders cautious. Yesterday, the pair dropped sharply from 159.60 to around 158.80 before quickly rebounding to 159.50. In New York, the pair remained stable but did not attempt to break 160. Today’s market will watch if the USD/JPY can climb above 160 and how […]