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Rising Demand for Risk Assets Could Prevent the Yen from Resuming Strengthening
Following the release of the US
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Following the release of the US employment report, the yen strengthened, and the Nikkei index fell by more than 900 points. Analysts at Mizuho note certain similarities with the strong risk-off episode that occurred exactly a year ago after the release of weak US employment data for July 2024. However, this comparison appears somewhat far-fetched — back then, USD/JPY collapsed from 160 to 140 in just a month, whereas the current reaction is much more moderate. The muted response is
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Kuvat Raharjo,
Analytical expert of InstaForex
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