US FX WRAP: Dollar hit in de-dollarisation trade; JPY gains amid firmer invention-leaning commentary

The dollar appears to be under pressure due to trends in de-dollarisation, which may indicate a shift in global currency preferences that could have longer-term implications for USD dominance.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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US FX WRAP: Dollar hit in de-dollarisation trade; JPY gains amid firmer invention-leaning commentary

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Meanwhile, the JPY is gaining traction, reflecting market optimism from recent hawkish comments from Japanese officials that suggest a potential shift in monetary policy as the BoJ leans towards tightening. Traders should watch how these developments may affect cross-asset correlations, particularly in commodities and equities.

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