USD/JPY traces sluggish yields above 130.00 as Yen traders await BoJ Summary, US GDP and Fed
USD/JPY prints mild gains after reversing from weekly top the previous day. Yields remain sidelined as traders await more clarity on growth prospects, Fed moves. US PMIs were mixed but downbeat equities and higher prints of inflation data elsewhere allowed yields/USD to defend Yen buyers. Light calendar ahead of US GDP, FOMC restricts immediate moves. […]
USD/JPY: summary and expectations – Analytics & Forecasts – 20 January 2023
As we noted in our Fundamental Analysis today, USD/JPY is rising today, recovering from the biggest losses of this and last month, trading near the 130.00 mark at the time of this publication. Additional pressure on the yen is exerted by data on the volume of orders for engineering products, presented earlier this week. So, […]