The US jobs data and ISM surveys are the highlights, and will help shape expectations around Fed policy. There are other G10 central bank events too which will be out in the holiday-shortened week
Apr 16, 2021 02:36 GMTFXStreet News
USD/JPY drops for a fifth consecutive day, marks the heaviest weekly fall since early November.
US-Russia tension escalates, Washington joins hands with Tokyo to discuss China, $2 billion initiative on 5G technology.
Reuters’ Tankan Survey suggests Japan’s Manufacturer’s Sentiment brightens in April.
Biden-Suga meet, US Michigan Consumer Sentiment Index will be the key.
USD/JPY stays depressed for the fifth consecutive day despite the latest bounce off intraday low of 108.61, also the lowest in three weeks, on Friday’s Tokyo open. While upbeat Tankan survey data could be cited as a supportive catalyst to the Japanese yen, the recent strength in the US Treasury yields and headlines suggesting US-Japan talks seems to have weighed down the yen pair.