Home / Market Update / Forex Market / USD Declines Against JPY Despite Rising Across the Board

USD Declines Against JPY Despite Rising Across the Board

The U.S. Dollar (USD) declined against the Japanese Yen (JPY) on Thursday, despite rising against most of its major peers.

The USD/JPY pair fell by 0.43% to 110.24, registering its biggest daily loss since June 4.

The pair has now declined in two out of the past three sessions, and seemed to struggle against major resistance levels, after rising to the 110.82 level, which was its highest since April.

Check Also

Semi-Annual Policy Report: Fed needs greater confidence before moving to rate cuts

In its Semi-Annual Monetary Policy Report published on Friday, the Federal Reserve (Fed) noted that …