USD/JPY bear’s return eyes 138.00 on sluggish yields, BOJ chatters ahead of US ADP – by anilpanchal7 USDJPY Recession BOJ Fed Employment
Yields remain sluggish despite firmer US data, hawkish Fedspeak.
While tracing the moves, sluggish yields, firmer Japan data and concerns surrounding the Bank of Japan’s monetary policy change seem to gain major attention. Also likely to exert downside pressure on the quote could be the cautious optimism in the market and anxiety ahead of important US employment data.
Elsewhere, the US 10-year Treasury yields rose to the highest levels in two months before the latest pullback to 3.10%.
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