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USD/JPY. Trading on a Powder Keg: The Yen Is at Risk Again
The yen is getting cheaper again.
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The yen is getting cheaper again. The USD/JPY pair jumped to 160.40 on Monday, thereby setting a five-week high. The weakening of the Japanese currency is justified and well-founded, considering recent events in the Middle East. As is known, Japan is a net importer of energy resources; therefore, the latest round of Middle Eastern confrontation has had a negative impact on the yen. At the start of Monday's trading, global oil prices rose by more than 5% — in particular,
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Irina Manzenko,
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Irina Manzenko
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