The USD/JPY pair holds positive ground around 149.60 during the early European trading hours on Tuesday. A renewed US Dollar (USD) demand and a recove
USD/JPY attracts some buyers above the mid-149.00s on Tuesday. US NY Empire State Manufacturing Index for October fell to 4.6 vs. a 1.9 rise prior, better than expected. Japanese Finance Minister denied comment about currency intervention. Traders will focus on the US Retail Sales, Industrial Production, and Fed speakers later on Tuesday. ry in US treasury yields lend some support to the pair. Investors await the US Retail Sales data on Tuesday for fresh impetus.
Last week, the US Consumer Price Index annually and monthly for September came in at 3.7% and 0.4%, respectively. Both figures exceeded the market expectations. On the JPY, Japanese Finance Minister Shunichi Suzuki denied to comment on Tuesday's statements about currency intervention by an International Monetary Fund official.
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