USD/JPY leans bullish above 134.00, traces firmer yields ahead of Fed Minutes – by anilpanchal7 USDJPY YieldCurve RiskAppetite Fed Recession
Japan’s trade numbers, Tankan sentiment data came in firmer but Machinery Orders eased.US Retail Sales, FOMC Meeting Minutes will be important for fresh impulse.holds onto the latest bullish bias while picking up bids to refresh the intraday high near 134.40 as Tokyo opens on Wednesday. The yen pair’s latest run-up could be linked to the firmer yields.
That said, Japan’s Merchandise Trade Balance dropped to ¥-1,436.8B in July versus ¥-1,405B expected and the previous reading of ¥-1,383.8B. Further details suggest an improvement in Exports and Imports during the stated month. Also positive were the Tankan Manufacturing Survey results for August.
On the other hand, US Industrial Production grew 0.6% in July versus 0.3% expected and upwardly revised 0.0% prior whereas Building Permits also increased to 1.674M MoM during the stated month versus 1.656 market expectations and 1.696M previous readings. It should be noted that the Housing Starts dropped to 1.446M from 1.599M prior and 1.54M expected. refreshed its three-week high before reversing from 106.94.
Against this backdrop, Wall Street managed to close on the positive side, despite retreating by the end of the day. That said, the US 10-year Treasury yields snapped a two-day downtrend by regaining 2.80% at the latest. It should be noted that the US 10-year Treasury yields keep the previous day’s rebound at 2.82% while the S&P 500 Futures print mild losses at the latest.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Price Analysis: Soars and reclaims 134.00, eyeing 135.00The USD/JPY jumps from around weekly lows to a crowded resistance area, with the 20-day EMA at 134.62, alongside a downslope resistance trendline, dra
Read more »
USD/JPY Price Analysis: Soars and reclaims 134.00, eyeing 135.00The USD/JPY jumps from around weekly lows to a crowded resistance area, with the 20-day EMA at 134.62, alongside a downslope resistance trendline, dra
Read more »
Trading Support and Resistance \u2013 AUD/JPY, EUR/USD, GBP/USDGet our trading strategies with our monthly \u0026 weekly forecast of currency pairs worth watching using support \u0026 resistance for the week of August 15, 2022.
Read more »
USD/JPY Technical Analysis: New Attempts by BullsAfter sharp selling last week, the $USDJPY currency pair was pushed towards the 131.73 support level.
Read more »
USD/ZAR: Choosing Resistance Today Could Be Useful StrategyThe USDZAR is trading politely within a rather intriguing five day range and resistance up above could prove a useful strategy for wagers.
Read more »