Slight Strengthening of JPY – Overview for July 06, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_7-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> initiates a corrective phase.</p>

<p>The devaluation of the Japanese yen against the US dollar has temporarily paused, with the current quote for USD/JPY at 144.59. On one hand, the JPY is undergoing a technical pullback following its recent significant weakening. On the other hand, the diminished risk appetite in the currency market has sparked increased demand for safe-haven assets. Although the yen has not consistently fulfilled this role in recent times, it is currently displaying resilience in this regard.</p>

<p>Meanwhile, concerns persist regarding the possibility of intervention measures by Japanese authorities, which have kept the USD/JPY below the 145.00 mark. If <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a> indicate that interventions are unlikely, the <a href="https://blog.roboforex.com/blog/2020/06/19/how-to-choose-a-currency-pair-for-trading-in-forex/" data-internallinksmanager029f6b8e52c="142" title="Currency Pair">currency pair</a> could experience a notable rise.</p>

<p>Looking at the long-term perspective, the yen continues to be influenced by the factor of <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> differentials. The Bank of Japan maintains an ultra-loose monetary policy stance, exerting downward pressure on the JPY.</p>

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