USD/JPY prints minimal gains on Tuesday after beginning the week on a lower note, weighed by the fall in US Treasury bond yields, which, continued but
USD/JPY experiences restrained gains, hindered by a notable drop in US Treasury bond yields. Dovish undertones from Fed officials contrast with potential BoJ policy normalization, creating crosscurrents. Anticipated inflation data and BoJ’s upcoming meeting poised to further dictate pair’s trajectory. a risk-on impulse, is a headwind for the Japanese Yen , therefore the US Dollar remains bid. The major is trading at around 148.57 after hitting a daily low of 148.16.
” Meanwhile, the latest New York Fed poll showed that consumers expect inflation year from now to stay at 3.7%, exceeding August’s 3.6%, while for a three-year, they see prices at 3%, from the prior month’s 2.8%. Other data showed the US small business sentiment declining moderately blamed on high prices and labor shortages, the poll revealed.
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