Skip to main content

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

74.91% of retail investor accounts lose money when trading CFDs with this provider.

USDJPY hits 7-month high
USDJPY hits 7-month high

USDJPY hits 7-month high

The USDJPY pair hit a 7-month high this week. The dollar was buoyed by comments from Fed chief Jerome Powell in which he stated that a majority of the regulator's representatives expect at least 2 more rate hikes before year's end.

The USDJPY pair hit a 7-month high this week. The dollar was buoyed by comments from Fed chief Jerome Powell in which he stated that a majority of the regulator's representatives expect at least 2 more rate hikes before year's end. This means we can expect the yield of US Treasury bonds to remain high. The USDJPY should therefore continue to strengthen.

USD/JPY

Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.

Why trade with Libertex?

  • Get access to a free demo account free of charge.
  • Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
  • Use a multiplier of up to 1:30 (for retail clients).
  • Operate on a platform for any device: Libertex and MetaTrader.
Back