USD/JPY pares intraday loss near 132.00 on mixed news from Japan, sluggish yields – by anilpanchal7 USDJPY RiskAppetite YieldCurve Macroeconomics CentralBanks
Yields struggle for clear directions, grinding lower off late, as BOJ announced another unchanged bond buying.US GDP, Treasury bond moves eyed for fresh impulse.picks up bids to consolidate intraday losses around 131.90 during early Thursday. Even so, the Yen pair remains mildly offered while reversing the previous day’s rebound from a four-month low.
Tokyo is up for the highest Covid alert as the virus cases in Asia major increased recently. The same should have pushed the Japanese government to revise growth forecasts for the fiscal year 2023. “Japan's real gross domestic product is expected to expand 1.5% in the fiscal year beginning in April 2023, the government said in its new semi-annual projection, up from 1.1% in the previous forecast made in July,” mentioned Reuters.
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