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fxJun 25, 2026, 6:50 AM

USD/JPY Holds Near 2024 Highs as US Data Supports Dollar Carry

USD/JPY is trading near its 2024 highs as resilient US data and elevated US yields underpin the dollar carry trade, according to MUFG's Lloyd Chan.

USDJPY

According to MUFG currency strategist Lloyd Chan, USD/JPY remains near its highest levels of 2024. The pair is supported by resilient US economic data and elevated US Treasury yields, which continue to underpin the dollar carry trade.

Source: FXStreet Forex News