USD/JPY Breaks 161.00 Amid Rising US Yields and Manufacturing Contraction
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#7b7dea38 ver:0.14

The USD/JPY pair breaks 161.00 as US yields rise and manufacturing contracts. Bank of Japan's lack of action and hawkish Fed comments create policy divergence. Japanese authorities may intervene to support the yen. Upbeat retail sales data from Japan prompts profit-taking. Focus on US economic data, especially PCE Price Index. USD/JPY upward biased, next resistance at 164.87. US economy expands at 1.4% rate, unemployment claims drop. Inflation eases in Japan, factory output increases. Consumer confidence, Tankan numbers, and services PMI data to influence yen. Short-term forecast for USD/JPY is bearish. #forex #USDJPY #economy...

#newstr #Usd/jpy #UsTreasuryBondYields #IsmPmi #BankOfJapan 

 https://here.news/story/7b7dea38?ver=0.14