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    USD/JPY rises sharply to near 158.00 Yen’s safe haven appeal falters

    Author AvatarBy Ruby Chambers No Comments 9 Mins Read
    • USD/JPY gains to near 158.00 as the safe-haven demand of the Japanese Yen has eased.
    • Investors await the US inflation data for fresh guidance on interest rates.
    • Fed dovish bets have lately trimmed on upbeat US labor market data for December.

    The USD/JPY pair moves sharply higher to near 158.00 in Tuesday’s European session. The asset gains firmly as the safe-haven appeal of the Japanese Yen (JPY) has faltered amid recovery in demand for risk-sensitive assets.

    The Yen performed strongly in last three trading days against the US Dollar (USD) despite the latter rallied to a fresh more-than-two-year

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    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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