Summary

• The USD/JPY currency pair is known for its erratic price action, highly affected by movements in rates, global trade, and inflation, as well as regional and geopolitical developments.
• Seen as a major safe haven currency since the early 2000s, profiting from lower yields in times of panic, JPY could not find any appeal during the US-Iran conflict.
• Here we take a look at an intraday time frame analysis for the USD/JPY.

By Elior Manier

USD/JPY (USD:JPY) is often playing tricks on FX traders, and this time it is completely avoiding volatility after gigantic up-and-down moves.

The currency pair is known for its erratic price action, highly

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