USD/JPY: Bullish Case Eroding as US Economic Data Disappoints on Nostr: USD/JPY Eyes Monthly High Ahead of US PCE Report =============== #e140b6a8 ver:0.61 ...
USD/JPY Eyes Monthly High Ahead of US PCE Report
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#e140b6a8 ver:0.61
The USD/JPY pair is in focus as the US dollar eyes a monthly high ahead of the US PCE report. The dollar rebounded on rising US Treasury yields, while the Japanese yen slightly increased. The Bank of Japan is closely monitoring inflation data, and Japan's trade deficit unexpectedly widened. Business activity in Japan is expanding, but inflationary pressures continue to moderate. USD/JPY continues to drift higher, supported by improved risk appetite and yield differentials. The Bank of Japan may focus on service sector activity and household spending. The upcoming US Services PMI and jobless claims will also impact the USD/JPY pair....
#newstr #Usd/jpy #UsPceReport #BankOfJapan #FederalReserve #Inflation #ExchangeRate
https://here.news/story/e140b6a8?ver=0.61
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#e140b6a8 ver:0.61
The USD/JPY pair is in focus as the US dollar eyes a monthly high ahead of the US PCE report. The dollar rebounded on rising US Treasury yields, while the Japanese yen slightly increased. The Bank of Japan is closely monitoring inflation data, and Japan's trade deficit unexpectedly widened. Business activity in Japan is expanding, but inflationary pressures continue to moderate. USD/JPY continues to drift higher, supported by improved risk appetite and yield differentials. The Bank of Japan may focus on service sector activity and household spending. The upcoming US Services PMI and jobless claims will also impact the USD/JPY pair....
#newstr #Usd/jpy #UsPceReport #BankOfJapan #FederalReserve #Inflation #ExchangeRate
https://here.news/story/e140b6a8?ver=0.61