Japanese authorities got concerned when the yen hit a 34-year low on Wednesday. Suzuki repeated his warning that they would respond to any excessive currency moves. The dollar was on the back foot on Monday as Fed rate-cut bets increased. The USD/JPY outlook is slightly bearish as the yen showcases a modest recovery amid the…
The post USD/JPY Outlook: Yen Edges Up as Japan’s Warnings Echo appeared first on Forex Crunch.