USD/JPY marches to 133.50 as yields, US Dollar recover ahead of NFP – by anilpanchal7 USDJPY RiskAversion YieldCurve NFP Fed
, up for publishing on Friday. Adding strength to the USD/JPY pair’s run-up could be the latest challenges to the sentiment, mainly emanating from the Organization of the Petroleum Exporting Countries and its allies led by Russia, known as OPEC+. However, the mixed data at home and anxiety ahead of top-tier US statistics challenge the pair buyers of late.
On the other hand, the US Core Personal Consumption Expenditures Price Index, the Fed’s preferred gauge of inflation, declined to 4.6% YoY in February from 4.7% expected and prior. On a monthly basis, Core PCE inflation rose 0.3% while easing below the market expectation of 0.4% and a downwardly revised 0.5% previous reading.
Against this backdrop, Japan’s Nikkei 225 rises 1.0% intraday to 28,041 by the press time but the S&P 500 Futures snapped a three-day uptrend near the highest levels since mid-February.
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