[MARKET UPDATE] DXY edges to fresh session highs at 98.21 as USD/JPY rises above 157.00 once again (vs low 156.66) - with Japan on holiday between May 3rd-6th; other markets stable
Context
The DXY's rise to session highs indicates strengthening demand for the USD, particularly highlighted by USD/JPY rebounding above 157.00. This move may reflect risk-on sentiment amid Japan's holiday, with other markets remaining stable, suggesting traders are positioning for USD strength against a backdrop of low Japanese market activity.
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