Across the FX space, all eyes remain firmly fixed on the Japanese Yen, having traded at its lowest level since 2015 against the US Dollar. Get your market update from JMcQueenFX here:
Across the FX space, all eyes remain firmly fixed on the Japanese Yen, having traded at its lowest level since 2015 against the. Although, as previously mentioned, 125.00 is the key barrier for the pair, particularly as intervention risks increase. A reminder that 125.00 had been the level previously where BoJ Governor Kuroda stated that the Japanese Yen had been very weak at that point. In turn, risk/reward for upside is not attractive at 125.
With the economic calendar relatively light with only US Consumer Confidence and Fed Williams the notable highlights, focus instead will be on whether any further progress is made in Russia-Ukraine peace talks.
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