USD/JPY prints mild gains above 134.00 as sour sentiment, Fed concerns joins firmer yields – by anilpanchal7 USDJPY BOJ Fed YieldCurve RiskAppetite
day. In doing so, the Yen pair portrays the broad US Dollar strength amid mildly downbeat sentiment and the holidays in the US and Canada.market sentimentDuring the weekend, North Korea fired two ballistic missiles toward Japan and renewed the fears that the hermit kingdom is up to something serious that can endanger the global economy, mainly due to the nature of the missiles fired as they both were termed as tactical nuclear attack weapons.
That said, Fed Governor Michelle Bowman recently said, “We are seeing a lot of inconsistent data in economic conditions,” as reported by Reuters. On the contrary, Richmond President Thomas Barkin said that they are seeing some progress on inflation with demand normalizing, as reported by Reuters.
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