USD/JPY fluctuates at around 149.52 as Tuesday’s Asian session begins after printing minimal gains of 0.02% on Monday. A risk-on impulse maintained th
USD/JPY trades around 149.52, marking a slight gain of 0.02% from Monday. US 10-year Treasury bond yield climbs nine basis points to 4.70%, despite Philadelphia Fed Harker dovish comments. Japanese economic data to feature Balance of Trade; Yen watches for intervention threats. e US Dollar underpinned against the Japanese Yen . Also, the rise in US Treasury bond yields weighed on the Yen.
Ahead in the week, the Japanese economic docket would feature the Balance of Trader, though the Yen would remain gathering direction on intervention threats by Japanese authorities. On the US front, the calendar will feature Retail Sales, Industrial Production, and Fed speakers. USD/JPY Price Analysis: Technical outlook After Monday’s trading day, the USD/JPY remains neutral to upward bias, exchanging hands above the Ichimoku Cloud and the Tenkan and Kijun-Sen levels.
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