Dollar Trades in Low 148 Yen Range as Equities Rise, Political Uncertainty Spurs Yen Selling
At 3 p.m., the dollar hovered near 148 yen with limited upside, as equity gains and political uncertainty prompted yen selling.
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Terms & Concepts
- USD/JPY: The foreign exchange pair expressing the price of one U.S. dollar in Japanese yen.
- Yen selling: Market activity in which traders sell Japanese yen, typically weakening it against other currencies such as the U.S. dollar.
- Equity gains: Rising stock prices; in FX markets, stock strength can influence risk appetite and currency flows.