USD/JPY Outlook: Yen Extends Gains After Treasury Yields Soar

<p>US nonfarm payrolls report revealed an increase of 209,000 jobs in June. Previously anticipated Fed rate cuts in 2023 now appear unlikely. Speculators hold a significant short position in the yen, valued at $9.793 billion. Today’s USD/JPY outlook is bearish. The yen extended gains on Monday after surging on Friday amid dollar weakness. On Friday, … <a href="https://www.forexcrunch.com/usd-jpy-outlook-yen-extends-gains-after-treasury-yields-soar/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://www.forexcrunch.com/usd-jpy-outlook-yen-extends-gains-after-treasury-yields-soar/">USD/JPY Outlook: Yen Extends Gains After Treasury Yields Soar</a> appeared first on <a rel="nofollow" href="https://www.forexcrunch.com">Forex Crunch</a>.</p>