USD/JPY hits fresh YTD peak, climbs further beyond 138.00 on broad-based USD strength – by hareshmenghani USDJPY Fed Bonds BOJ Currencies
The prevalent bullish sentiment surrounding the USD remains supportive of the move.USD/JPY pair
The US Dollar buying remains unabated amid the latest optimism over the potential lifting of the potential lifting of the US debt ceiling, which, in turn, is seen as a key factor acting as a tailwind for the USD/JPY pair. In fact, US President Joe Biden and top U.S. congressional Republican Kevin McCarthy underscored their determination to reach an agreement soon to raise the federal government’s $31.4 trillion debt ceiling.
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