USD/JPY Outlook: China’s Yuan Guidance Weakens the Dollar

<div><img width="838" height="554" src="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg" class="type:primaryImage wp-post-image" alt="my USD/JPY price analysis outlook forecast" decoding="async" style="margin-bottom: 15px;" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg 838w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-300×198.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-150×99.jpg 150w" sizes="(max-width: 838px) 100vw, 838px" /></div>
<p>China’s upward guidance of the yuan weighed on the dollar. The yen strengthened over 0.5%, reaching its highest point in seven weeks. Investors are anticipating the release of Fed minutes. On Tuesday, the USD/JPY outlook was bearish, driven by the dollar’s decline to new lows against the yen. This movement came due to China’s upward…</p>
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