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USD/JPY Plunges 40 Points as US Dollar Index Retreats
Market data shows significant movement in major currency pairs, with the USD/JPY exchange rate dropping 40 points to settle at 147.41. This decline coincides with a notable pullback in the broader US Dollar Index, which has retreated by more than 10 points according to ChainCatcher’s latest update.
The simultaneous weakness in both the indeks dxy and the yen cross highlights ongoing volatility in currency markets. The 40-point slide in USD/JPY represents a notable shift in the dollar-yen dynamic, while the broader US Dollar Index retreat signals softer demand for the greenback across major currency baskets.