USD/JPY eases above 140.00 as traders await BoJ's YCC move, July expectations – by anilpanchal7 USDJPY YieldCurve BOJ Fed RiskAversion
Pre-BoJ consolidation wrestled with downbeat yields, broad US Dollar weakness on volatile Thursday.BoJ Governor Ueda’s speech, US statistics also eyed for clear directions.holds lower ground near 140.10-15 as it stays pressured around the intraday low while defending the previous day’s retreat from the yearly top as traders await the Bank of Japan moves amid Friday’s Asian session.
, as well as the Yields Curve Control policy prod the BoJ doves, which in turn exert downside pressure on the Yen pair prices amid sluggish hours of Tokyo open. In the same way, US Retail Sales growth marks an increase of 0.3% for May versus -0.1% expected and 0.4% previous readings while the Core readings, mean Retail Sales ex Autos, match 0.1% market forecasts for the said month, compared to 0.4% prior. Further, NY Fed Empire State Manufacturing Index jumps to 6.6 in June versus -15.1 expected and -31.8 prior whereas PhiladelphiaManufacturing Index drops to -13.7 for the said month from -10.4 prior and compared to -14 market forecasts.
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