The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
USD/JPY: forecast for July 24-28
The US dollar declined versus the Japanese yen as it did against many other major currencies. However, its losses in USD/JPY were smaller. Expectations that the Bank of Japan will keep its massive stimulus program in place far longer than other major central banks helped to support the pair.
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This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.