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USDCHF and USDJPY: USDJPY is back above 135.00

The USDJPY currency pair has been on a rollercoaster ride in recent weeks, with the pair experiencing significant volatility due to a range of factors. However, the latest news is that the USDJPY is back above 135.00, which is a positive sign for traders.

One of the main reasons for the recent volatility in the USDJPY pair has been the ongoing trade tensions between the United States and China. The two countries have been engaged in a trade war for some time now, and this has had a significant impact on the global economy.

However, there are signs that the trade tensions may be easing, which is good news for the USDJPY pair. In addition, the US Federal Reserve has been cutting interest rates, which has also had an impact on the currency pair.

Despite the recent volatility, many traders remain bullish on the USDJPY pair, and there are several reasons for this. Firstly, the Japanese economy has been struggling in recent years, which has led to a weaker yen. Secondly, the US economy has been performing well, which has led to a stronger dollar.

Overall, the USDJPY pair is likely to continue experiencing volatility in the coming weeks and months. However, the fact that the pair is back above 135.00 is a positive sign for traders, and many are optimistic about the future of the currency pair.

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