- USD/JPY retreats from intraday high, stays sluggish around two-week top, after strong Japan GDP growth.
- Hawkish Fed bets, upbeat US data favor Yen pair buyers.
- US policymakers appear optimistic about avoiding default after the latest debt ceiling talks.
- Second-tier US, Japan data eyed for intraday clues, risk catalysts are the key for clear directions.
USD/JPY eases from intraday high to 136.35 as it snaps the five-day winning streak on upbeat Japan growth numbers published early Wednesday. Also exerting downside pressure on the risk barometer pair could be the US Dollar’s retreat amid easing fears of the US default. Even so, the Yen pair remains indecisive as hawkish Federal Reserve (Fed) statements join upbeat US data.
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