USD/JPY AND 135 IN THE HANDS OF THE US CB CONSUMER CONFIDENCE INDEX
It is a quiet
start to the day for the USD/JPY.
There are
no economic indicators from Japan or the region to influence. The lack of stats will leave the USD/JPY in the hands of
market risk sentiment.
On Monday,
US economic indicators disappointed, with manufacturing sector data revealing more cracks in the US economy.
Risk-off sentiment weighed on US Treasury yields, leading the greenback into the negative territory against most majors.
However, monetary policy divergence left
the USD/JPY in positive territory, with the BoJ showing
no signs of a shift in course from ultra-loose.
On Monday, the markets cemented a ... (full story)
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