USD/JPY Forecast: Machinery Orders Slide as Economic Uncertainty Lingers
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#003e8cdb ver:0.54
Machinery orders in Japan slide, signaling waning demand outlook. Bank of Japan focuses on wage growth and household spending for economic recovery. USD/JPY comfortably above moving averages, breakout above 158 could lead to run at 159. Near-term trends depend on US retail sales, Japan inflation, and BoJ interest rate decision. Weaker US data and hawkish BoJ could tilt towards Yen. #USDJPY #economy #BoJ #demand...
#newstr #Usd/jpy #MachineryOrders #EconomicUncertainty #BankOfJapan #UsManufacturingSector #Fomc #MovingAverages
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