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All change again- USD/JPY drops back as US yields slip
Well, it might not be much of a surprise to the reader, but the USD/JPY has changed course yet again and it is now dropping back towards 139.75. Earlier today Quick News reported a rebound to around 140.25, after the dollar has rebounded from a new 2024 low at 139.58. The driver for this is due to the US yields edging a little lower and of course the prospect of a 0.50% rate cut from the Fed is still hanging over the dollar. The USD/JPY is just now trading at 139.85, but its going to swing around plenty more times before the session is out later today
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