The European and US FX outlook points to the dollar-yen pair struggling to gain, while some expect US long-term interest rates to remain elevated. Concern over coordinated Japanese-US intervention is also growing.
The dollar-yen pair has reportedly struggled to gain. There are also reports that US long-term interest rates are expected to remain elevated.
Some have pointed to growing concern over coordinated intervention by Japan and the United States, drawing attention to future currency trends.