USD/JPY ticks down to mid-138.00s, holds above two-month low touched on Friday – by hareshmenghani USDJPY BOJ Inflation Fed Currencies
ubdued note. Spot prices oscillate in a narrow trading band through the Asian session and currently trade just above mid-138.00s, awaiting a fresh catalyst before the next leg of a directional move.
In the meantime, speculations that the Bank of Japan could adjust its Yield Curve Control policy as soon as this month might continue to underpin the Japanese Yen and act as a headwind for the USD/JPY pair. The bets were lifted by recent data, which showed that Japan's nominal base salary grew at the fastest pace in 28 years in May.
Apart from this, a mildly softer tone around the US equity futures further benefits the safe-haven JPY and contributes to capping the upside for the USD/JPY pair. This, along with the underlying bearish sentiment surrounding the US Dollar , suggests that the path of least resistance for spot prices is to the downside.
This fails to assist the USD to build on its modest bounce from the lowest level since April 2022 touched on Friday and favours the USD/JPY bears. Furthermore, technical
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.
Philadelphia Weather Alert: Muggy, warm Friday night ahead of hot SaturdayOvernight into Saturday will remain humid and will see lows dipping to the upper 60s to mid-70s. A few scattered thunderstorms can’t be ruled out as the night wears on.
Read more »
Taylor Swift makes 'generous' donation to Food Bank of the Rockies before Friday showIn its announcement, Food Bank of the Rockies said the gift will allow them to purchase enough food for 75,000 meals.
Read more »
This ‘Friday the 13th’ Movie Was Pitched as Jason vs. CarrieJason vs. Carrie? Take my money!
Read more »
Liberty County Jail inmate makes brief escape from deputies Friday eveningSheriff's deputies said Shawn Dale Jordan escaped their detention facility Friday evening. He had been there for two weeks on drug and weapon charges.
Read more »
Alaska News Nightly: Friday, July 14, 2023Tonight on Alaska News Nightly: Alaska’s wildfire season remains at a historically low level. Plus, tourism companies in Valdez are stunned by last-minute cruise ship cancellations. Listen here:
Read more »
After shortened Friday, Nats, Cards face long SaturdayThe St. Louis Cardinals will try to pick up where they left off against the visiting Washington Nationals on Friday when the teams resume their suspended game on Saturday.
Read more »