USD/JPY: Japanese Economy Contracts in Q1, Yen Strengthens Briefly
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#e140b6a8 ver:0.47

The Japanese economy contracted in Q1 2024, causing the yen to strengthen briefly against the USD. The USD/JPY pair is approaching key resistance at 150-152.00. Factors such as US interest rate recalibration, risk sentiment, and inflation reports will impact the outlook for USD/JPY. The technical picture suggests potential consolidation or modest downside. Traders should monitor US economic data and speeches by FOMC members for fresh impetus. The GDP report and US labor market data will also influence investor expectations. The yen climbed earlier but has pared most gains due to weak private consumption and exports in Japan. #USDJPY #forex #economy...

#newstr #Usd/jpy #JapaneseEconomy #Gdp #Inflation #RetailSales 

 https://here.news/story/e140b6a8?ver=0.47