USD/JPY regains 143.00 amid sluggish yields, Japan’s record deficit, US Retail Sales eyed – by anilpanchal7 USDJPY RiskAppetite YieldCurve BOJ Fed
data for August. With this, the quote ignores the bond market's inaction.
US President Joe Biden’s rejection of US fears and China’s stimulus are some of the key developments that should have favored the risk appetite. However, the Sino-American tussles and the energy crisis in Europe seemed to have challenged the optimism. It’s worth noting that the looming labor strike in the US appears an extra burden on the risk appetite.
Talking about the data, US Producer Price Index declined to 8.7% YoY in August from 9.8% in July, versus 8.8% market forecasts. Details suggest that the PPI ex Food & Energy, better known as Core PPI, also eased to 7.3% YoY from 7.6% but surpassed the market expectation of 7.1%.
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