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1/28/2021 7:49:09 PM GMT USD/JPY Current price: 104.22 Japan will publish Tokyo inflation, industrial production and consumer confidence figures. Wall Street’s recovery provided little support to the pair, as it weighed on the dollar. USD/JPY is poised to extend its advance towards the 105.00 price zone. The USD/JPY pair hit a fresh January high of 104.45 but was unable to extend gains on easing demand for the greenback. The pair heads into the Asian opening trading around 104.20, holding on to modest intraday gains. The pair could not rally during US trading hours, despite substantial gains in Wall Street and recovering US Treasury yields. The yield on the 10-year Treasury note rose to 1.07%. ....
1/26/2021 7:45:49 PM GMT USD/JPY Current price: 103.67 US Treasury yields posted a modest intraday advance, limiting USD/JPY slide. The BOJ’s Minutes showed policymakers would remain vigilant to market moves. USD/JPY maintains its neutral stance with the risk skewing to the downside. The USD/JPY pair eased on a better market mood, which weighed on the greenback. The USD/JPY pair trades in the 103.60 price zone, not far from a daily low of 103.55. US Treasury yields posted a modest intraday advance after Janet Yellen was confirmed as US Treasury Secretary, but lacked follow-through. The Bank of Japan released the minutes of its latest monetary policy meeting, which showed that policymakers remain open to increase facilities, should the pandemic developments require so. A few members said that they must be vigilant to market moves including FX, amid the dollar weakening vs the yen. The country published the December Corporate Service Price Index, which cam ....