Japanese Yen gains positive traction against USD, upside potential seems limited – Forex Trader Hub
The Japanese Yen strengthens against the USD, though it lacks bullish conviction amid BoJ uncertainty. The upbeat market mood and elevated US bond yield might contribute to capping the lower-yielding JPY. Traders look at Thursday’s US macro data and the Fed speaks ahead of Japan’s National CPI on Friday. The Japanese Yen (JPY) edges higher…