USD/JPY: Sluggish yields, pre-data anxiety probes buyers at the highest levels since 1990 – by anilpanchal7 USDJPY YieldCurve RiskAppetite BOJ Macroeconomics
ints an eight-day uptrend even as the sluggish Treasury yields challenge the pair buyers by the press time.
It’s worth noting, however, that market’s expectations of stimulus from China and the UK, as well as the latest US dollar pullback, seem to challenge the USD/JPY buyers amid inactive trading hours of the day. Further, the market’s cautious mood ahead of the USfor September, well as well as the preliminary readings of the Michigan Consumer Sentiment Index the University of Michigan’s 5-year Consumer Inflation Expectations for October, also weigh on the yen prices.
Looking forward, updates relating to the market intervention from Japan, China and the UK may entertain the USD/JPY traders ahead of the aforementioned US data.
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