USD/JPY traces yields to retreat from monthly high towards 137.00, ignores Japan PMI – by anilpanchal7 USDJPY RiskAppetite YieldCurve Fed Recession
Japan’s Jibun Bank PMIs for August came in softer than expected and prior.Risk catalysts will be crucial to follow as bulls remain hopeful amid recession woes, and hawkish Fed bets.takes offers to renew intraday low around 137.20, extending the pullback from a monthly high during Tuesday’s Asian session, as market sentiment dwindles amid mixed signals and a cautious mood ahead of the key data/events.
Elsewhere, the US 10-year Treasury yields retreat from the monthly high of 3.04%, down nearly two basis points to 3.02% by the press time.
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