Pressure Mounts for the Japanese Yen as US Dollar Shows Continued Strength
===============
#76cf07ec ver:0.05
The US dollar is continuing to show strength, putting pressure on the Japanese yen. The positive economic data and expectations of higher interest rates by the Federal Reserve have contributed to the rise of the US dollar. The DXY, which closed the week in the 104 region, is now technically above a critical resistance level .
The article also mentions the possibility of the Federal Reserve cutting interest rates less than the projected three rate cuts, which could further support the US dollar. This indicates that the US dollar may continue to strengthen in the near future .
On the other hand, the Japanese yen is facing pressure as the USD/JPY pair approaches historic highs. Despite Japan's exit from expansionary monetary policy, the pair has continued to rise. Speculation of interventio...
#newstr #UsDollar #JapaneseYen #CurrencyExchange #FederalReserve #InterestRates