- USD/JPY recovers ground after the US ISM Non-Manufacturing PMI for August beats expectations, coming in at 54.5 versus the anticipated 52.5.
- US Treasury bond yields surge, with the 10-year note rate gaining 10 basis points to 4.296%, as traders reconsider a November rate hike by the Fed.
- Japanese officials weigh options amid currency speculation; traders should be aware of the 148.00/150.00 range.
The Greenback (USD) recovered some lost ground against the Japanese Yen (JPY) on Wednesday after data from the United States (US) surprised the markets. That triggered a jump in the USD/JPY, which traders volatile at around 147.30/98, remains negative.
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