USD/JPY: Yen Fared Better, but Energy Rally Not Over
By Analytical Department RoboForex USD/JPY traded at 159.16 on Friday. The yen is retreating slightly but appears less weak than previously, amid a two-week truce between the US and Iran. The decline in oil prices following the announcement of the truce has partially reduced stagflationary risks and provided some support to the Japanese currency. Investor…