USD/JPY keeps the red below mid-137.00s amid softer USD, downside remains cushioned

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USD/JPY keeps the red below mid-137.00s amid softer USD, downside remains cushioned – by hareshmenghani USDJPY Fed RiskAppetite Majors Currencies

The Fed’s hawkish outlook to revive the USD demand and lend support to the major.USD/JPY pair

The US Dollar struggles to capitalize on the overnight recovery move from a six-month low and comes under some renewed selling pressure on the last day of the week. This, in turn, is seen as a key factor acting as a headwind for the USD/JPY pair. That said, the Fed's hawkishshould help revive the USD demand and lend some support to the major, at least for the time being.

 

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