USD/JPY shakes off the bearish pressure and trades above 153.50 in the American session on Wednesday. The US Dollar (USD) stages a rebound following the US Treasury buyback announcement and helps the pair gain traction. Nevertheless, solid Japanese data reinforce expectations that the BoJ will continue normalising monetary policy, lending further support to the Yen and capping the pair’s upside for now.
Source: https://www.fxstreet.com/news/japan-bank-lending-yoy-remains-unchanged-at-54-in-august-202609092349
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