USD/JPY stays pressured below 133.00 despite mixed Japan data, sluggish yields – by anilpanchal7 USDJPY YieldCurve Macroeconomics CentralBanks Currencies
Japan’s Unemployment Rate, Retail Trade drop in November.Comments from BOJ’s Kuroda, Japan PM Kishida challenge USD/JPY bears.takes offers to refresh the intraday low near 132.75 as it fails to extend the bounce off a four-month low, marked during the late previous week, amid a softer US Dollar during early Tuesday. The pair’s weakness, however, fails to justify the recently mixed data from the US and Japan, not to forget comments trying to challenge the policy hawks at the Bank of Japan .
That said, Japan’s Unemployment Rate eased to 3.5% in November versus 3.6% expected prior while the Jobs / Applicants Ratio reprinted 1.35 for the said month compared to 1.33 market forecasts. Further, Retail Trade growth eased to 2.6% YoY versus 2.8% consensus and 4.4% upwardly revised prior., mostly known as the Fed’s favorite inflation gauge, matched 4.7% YoY forecasts for November versus 5.0% prior. Further, the Durable Goods Orders for the said month marked a contraction of 2.
It’s worth noting that recent comments from Bank of Japan Governor Haruhiko Kuroda and Japanese Prime Minister Fumio Kishida tried to tame the hawkish expectations from the central bank after it tweaked the monetary policy in the last week. That said, BOJ’sstated that widening of yield band not a step toward easy policy exit. On the same line, Japanese PM Kishida ruled out expectations that the government-BOJ will revise the central bank statement.
Elsewhere, geopolitical fears emanating from Russia, China and North Korea join Beijing’s easing of Covid restrictions to portray cautious optimism in the market. As a result, S&P 500 Futures rise 0.60% intraday to 3,892 whereas the US 10-year Treasury yields remain sluggish at around 3.74% by the press time.Technical analysis
Unless providing a daily closing beyond the two-month-old resistance line near 135.40, the USD/JPY bears keep the reins.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
‘Blue Rush’ Podcast Episode 133: Daniel Jones, Giants Show Fight in LossThe Giants may have fell short on Saturday in Minnesota, but boy did they put up one hell of a fight.
Lire la suite »
Weekly Forex Forecast \u2013Silver, EUR/USD, USD/JPYThe past week has been quiet in the markets, seeing a weakly risk-off environment as markets review the prospect of an impending global recession. Focus on Silver, EURUSD, and USD/JPY this week here:
Lire la suite »
Son of hero Finest Steven McDonald to be promoted to NYPD captainSgt. Conor McDonald, 35, is listed as No. 133 on the Captain’s Promotion List, a department document shows
Lire la suite »
Pokémon TCG Japan: Scarlet & Violet Ex Preview: Cyclizar ExPokemonTCG Japan collectors will get Cyclizar ex in promo packs for those who buy Starter Set ex decks. How will it be released in America? Pokemon
Lire la suite »
Pokémon TCG Japan: VSTAR Universe Preview: Magnezone Art RareShinya Komatsu, illustrator of the Machamp Alternate Art, gives Magnezeon the Art Rare treatment in PokemonTCG Japan: VSTAR Universe. Pokemon CrownZenith
Lire la suite »
Japan minister signs clean energy cooperation document during Saudi visitSaudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia, the Saudi Energy Ministry said on Twitter.
Lire la suite »