The greenback’s personal vulnerabilities this week can be contributing to the drop within the pair however to this point in buying and selling immediately, it’s extra concerning the Japanese yen. The pair is now all the way down to 140.87 with the yen up 0.7% towards the greenback. Different main currencies usually are not doing a complete lot compared for probably the most half.

The drop right here sees USD/JPY now at its lowest for the reason that finish of July and will look in the direction of a check of 140.00 as sellers exert additional management.

As for the outlook going into subsequent yr, I shared some ideas earlier this week: The Japanese yen is an early contender for the most interesting major currency in 2024

This text was written by Justin Low at www.forexlive.com.