USD/JPY Price Action:
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How to Trade USD/JPY
USD/JPY Trades Lower as China Protests Rattle Markets
USD/JPY is trading lower as lower US bond yields and an increase in risk aversion bolstered demand for the safe-haven Yen.
As China lockdowns remain a prominent driver of sentiment and for future growth prospects, the strict restrictions remain a hinderance to the global economy. After over 100 days of lockdowns in numerous cities within the world’s second largest economy, angry protestors have taken to the streets demanding an end to the Covid-zero policy.
China as the Economic Engine for ASEAN Economies: SGD, IDR, MYR, PHP
With the major currency pair recently climbing to its highest level since 1990, failure to hold above the October 21 high of 151.94 has driven USD/JPY lower. While Japan’s loose monetary policy has placed a heavy burden on the Yen since the beginning of the…
