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Japanese Yen declines toward 19-month low against USD amid boiling oil prices
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Trading range breakout favors bulls amid Iran war
The USD/JPY pair scales higher for the third consecutive day and climbs to the 159.00 neighborhood, or its highest level since January 23 at the start of a new week. The Japanese Yen (JPY) continues with its underperformance as the recent surge in Crude Oil prices threatens to weaken economic growth. This, along with a broadly firmer US Dollar (USD), turns out to be another factor pushing the currency pair higher. The joint US-Israeli campaign a…
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