USD/JPY rebounds from 133.04 ahead of Tuesday’s US CPI and BoJ’s minutes – by HCetinbudaklar USDJPY Currencies BOJ CPI Technical Analysis
Markets digest the effects of the SVB collapse amid mixed concerns about the Fed's actions.Market sentiment remains mixed, with investors watching upcoming US CPI and Retail Sales data.at the press time, with the intraday price range being 134.35 to 133.04. The currency pair has rebounded today, showing a considerable increase of 0.70% from the previous close price.
It is worth mentioning that the two-year Treasury bond yields had their most significant drop since 1987 on Monday. However, the latest yield increase could indicate a trend reversal before crucial US data release. It is worth noting that traders experienced a significant increase in bond purchasing the previous day following the fallouts of. US banking regulators took joint action to mitigate the risks arising from SVB and Signature Bank during the weekend. announced that investors in those banks would not receive protection and emphasized that"Nevertheless, the US President also promised to take necessary measures to ensure the safety of the US banking system, according to Reuters.
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