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The USD has strengthened against major currencies, with EUR/USD and GBP/USD hitting yearly lows, while USD/JPY consolidates near 1987-era highs. Key factors include improved German business sentiment, BOJ's hints at gradual rate hikes, and RBA's caution on inflation. Central bank policies and geopolitical tensions, particularly US-Iran talks, remain pivotal. The USD's dominance reflects ongoing inflation concerns and divergent monetary strategies. Traders should monitor central bank statements and geopolitical developments for potential market shifts. The technical outlook for USD/JPY suggests consolidation around key moving averages, with resistance levels critical for trend continuation.
