The USD has rallied early on Friday against the Japanese yen, as the interest rate differential continues to take front and center stage in this market.
The dollar strengthens as Fed officials push back against the idea that recent soft U.S. economic indicators make interest rate cuts this summer more likely. The greenback rises 0.2% versus the yen, as the Bank of Japan remains dovish.
The Aussie continued to see a lot of noise during the week, as we broke out of a rectangle, and then turned around to show signs of support. Will it hold? That will be the biggest question at this point.
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