USD/JPY bears are in town and a break of 134.50 is eyed USDJPY Currencies Fed DollarIndex
The US Dollar remains in favour on hawkish data.USD/JPY is trading offered in the afternoon on Wall Street and is down some 0.2% within the range of the day between 135.36 and 134.60. The US Dollar rose against its major trading partners on Thursday ahead of the release of an update to Q4 Gross Domestic Product growth and Weekly Initial Jobless Claims, as well as the Personal and was revised upward to 3.
The greenback is firmer on the prospect of further monetary policy tightening after the Minutes of the Jan. 31-Feb. 1 Federal Open Market Committee meeting released Wednesday showed only"a few" participants wanted a larger 50 basis point increase at the meeting.
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