Investing.com-- Most Asian currencies kept to a tight range on Monday as sentiment towards the region was dented by weak Chinese business activity data, while the dollar retreated amid some growing bets on an interest rate cut.
The USD has rallied again against the Japanese yen, as we have cleared the 160 yen level this past week. With this, it looks like we should continue to see buying, which makes sense, as the interest rate differential continues to be a factor.
The US dollar has pulled back a bit against the Japanese yen on Friday, as we have seen a lot of noisy behavior in this pair. However, the interest rate differential continues to be a major part of the equation.
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