USD/JPY Hits New 37.5-Year High for Consecutive Days, Driven by Japan-U.S. Interest Rate Differential and Trump
USD/JPY has risen to the high end of the 161 yen range, setting new 37.5-year highs for consecutive days. The main driving force behind this surge is the Japan-U.S. interest rate differential. The political instability in France calmed at the beginning of the week, causing market participants to focus on carry trades based on the […]