Reported 9 months ago
The US dollar showed strength against the Japanese yen with another positive week, breaking above the 160 yen level. Market analysts anticipate buyers at this level, but even if there is a pullback, support is expected near the 158 yen level. The interest rate differential between the two central banks is likely to continue widening, making buying dips a strategic move as the Japanese yen is expected to weaken against most currencies, given the high interest rates in the United States.
Source: YAHOO