The US Dollar extends gains against the JPY on positive sentiment ...Middle East

USDJPY is now up more than 0.6% on the day as the positive risk sentiment weighs on the Japanese Yen. For the USD, there's also a scenario where we could see a bigger upside move if very good outcomes on the trade front make the market to reprice interest rate expectations all the way down to just one cut for the Fed in 2025.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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