- USD/JPY pares the biggest daily gains in two months even as US Dollar, yields grind higher.
- Japan PM pushes for global wages at home, gives rises to hawkish hopes for BoJ.
- German, Tokyo inflation can entertain traders ahead of Fed’s preferred inflation gauge.
- Fears of higher inflation, geopolitics join mixed data to propel yields amid quarter-end consolidation.
USD/JPY prints mild losses around 132.60 heading into Thursday’s European session. In doing so, the Yen pair struggles to respect the upbeat US Dollar and Treasury bond yields amid mixed concerns about the Bank of Japan’s (BoJ) next move. Also weighing on the major currency pair are the talks of Japanese credit rating and the Federal Reserve (Fed) officials’ cautious optimism. It should be noted, however, that the geopolitical fears surrounding Russia, North Korea and China weigh on the market’s sentiment and allow the Yen to cheer its traditional haven status after rising heavily the previous day.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased