USD/JPY Price Analysis: Soars Past 140.00 Despite Weakening US Dollar, Eyes 141.00 Resistance
May 27, 2023 at 16:00 PM EDT
Solid economic data from the United States bolstered the odds for another rate hike by the Federal Reserve, as demonstrated by the market's reaction. US Treasury bond yields rose before reversing their course, while the US dollar weakened.
