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Back Fundamental analysis
USD/JPY: Why Is the Yen Weakening?
The dollar/yen pair surged on Tuesday,
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The dollar/yen pair surged on Tuesday, despite the overall weakness of the American currency. The U.S. Dollar Index is languidly drifting around the 98 level, while the USD/JPY pair has jumped nearly 200 points in just a few hours, testing the resistance at 156.20 (the lower boundary of the Kumo cloud on the daily timeframe). This price dynamic is driven by several interrelated fundamental factors.Takaichi FactorThe catalyst for the growth in USD/JPY was information from the influential Japanese publication Mainichi
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Irina Manzenko,
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