The USD/JPY dropped after reaching a four-day high of 142.47, yet it remains range-bound during the North American session.
USD/JPY downtrend persists, with the RSI favoring sellers ahead of the Fed's rate cut decision. A 25-bps Fed rate cut could push USD/JPY higher toward 142.47, with potential to target the 143.00 figure. A 50-bps cut could lead to a retest of 140.32, with further downside aiming for the YTD low of 139.58. The rise in US Treasury yields and a soft US Dollar keeps the pair trapped within the September 17 trading range. Therefore, the major trades at 141.88, losses 0.
32 to be retested and pave the way for the challenge of the year-to-date low of 139.58. USD/JPY Price Action – Daily Chart Japanese Yen PRICE Today The table below shows the percentage change of Japanese Yen against listed major currencies today. Japanese Yen was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.04% -0.32% -0.31% -0.04% -0.16% -0.37% -0.19% EUR 0.04% -0.29% -0.30% -0.01% -0.12% -0.35% -0.15% GBP 0.32% 0.29% 0.00% 0.28% 0.18% -0.07% 0.17% JPY 0.31% 0.
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