jpyusd

#jpyusd The Japanese yen rose in the Asian market on Tuesday against a basket of major and minor currencies, extending its strong gains for the second consecutive day versus the US dollar, recording its highest level in 7 months, as buying accelerated for the Japanese currency amid a cluster of strong catalysts.

These catalysts include the US dollar’s retreat and a slowdown in US Treasury yields ahead of the release of key inflation data in the United States, which will provide crucial evidence on the likelihood of the Federal Reserve raising interest rates at its meeting in September