USD/JPY fits below 140.00 as USD Index extends further ahead of US Durables Goods Orders USDJPY BOJ Fed YieldCurve DollarIndex
Index . The USD Index has extended its correction to near 104.11 after failing to hold a fresh two-month high at 104.31. The correction in the USD/JPY pair seems higher in proportion than the correction in the USD index, which also indicates that the Japanese Yen has also gained some strength.
Fears of a default by the US economy are fueling gains in US Treasury yields. The yields offered on 10-year US governmentOn Friday, a power-pack action is expected from the USD Index amid the release of the US Durables Goods Orders data . The economic data is seen contracting by 1.0% against an expansion of 3.2% reported earlier.in the United States economy are appealing for a pause in the policy-tightening spell by the Federal Reserve in its June monetary policy meeting.
Meanwhile, the Japanese Yen has got some strength after the release of decelerated Tokyo CPI data. Headline inflation has softened to 3.2% from the prior release of 3.5% while the street was anticipating acceleration to 3.9%. Core CPI that excludes
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