USD/JPY Reached A YTD High But Retreated As Fed Minutes Confirmed A Possible Pause
By:
TalkMarkets
May 24, 2023 at 18:07 PM EDT
The USD/JPY currency pair extended its gains of more than 0.39%, as the latest Fed minutes showed that a scenario of more rate hikes was “less certain.” The USD/JPY pair was seen trading at around 139.05, pointing to a new year-to-date high.
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