USD/JPY keeps the red below 136.00 mark post-US data, downside remains cushioned – by HareshMenghani USDJPY RiskAppetite Fed BOJ Currencies
A positive risk tone undermined the safe-haven JPY and acted as a tailwind for the pair.USD/JPY
Reports indicated that China is looking at a $220 billion fiscal stimulus program in the second half of 2022 to shake off the ongoing real estate crisis and revive consumer demand in the economy. This boosted investors' confidence, which was evident from a generally positive tone around the equity markets.
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