From Investing.com: 2025-05-22 06:55:00

USD/JPY has dropped to a 2-week low due to safe-haven yen gains and US debt concerns. Positive machinery orders data in Japan is boosting hopes for an economic recovery and potential interest rate hikes. Trade talks between Japan and the US are also supporting the yen. On the other hand, the US dollar is weakening amid worries about the US government’s fiscal health and Moody’s rating outlook cut. US PMI data is awaited. Technical analysis suggests potential further declines for USD/JPY.

FTSE 100 is falling as US fiscal deficit concerns and treasury yield volatility weigh on global markets. Energy and telecom stocks are dragging down the UK index, with disappointing earnings from Shell, BP, BT, and easyJet. PMI data shows mixed results. Despite a recent recovery, the FTSE 100’s uptrend remains intact, with buyers aiming for fresh all-time highs. Support levels are at 8640 and 8520.



Read more at Investing.com: USD/JPY Likely to Stay Elevated as Japan’s Intervention Window Narrows