USD/JPY glued nearby 136.00 subdued after US ISM PMI data USDJPY Currencies Majors Technical Analysis
Federal Reserve officials are still expecting rates at around 5.25%, according to December’s 2022 dot-plots.
Earlier, S&P Global Manufacturing PMI for the US came shorter than the prior’s month data, at 47.3 vs. 47.8, a prelude of what was coming, later with data released by the ISM. Despite the hawkishness provided by Kashkari, the USD/JPY failed to edge higher. Additionally, rising UST yields, like the 10-year benchmark note rate, approach the 4% threshold, but sentiment keeps USD/JPY traders on the sidelines, waiting for additional US economic data.The USD/JPY daily chart shows the major consolidating at around 136.00. Back-to-back doji’s in the daily time frame suggest that buyers and sellers are at equilibrium.
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