USD/JPY pauses three-day uptrend near 135.00 as yields portray anxiety ahead of Fed Minutes – by anilpanchal7 USDJPY YieldCurve BOJ Fed Macroeconomics
Yields remain sluggish after refreshing the multi-day top.FOMC Minutes should refrain from policy pivot talks to keep Yen pair buyers hopeful, Japan wage talks eyed as well.
Recently, Reuters Tankan Manufacturing Index for Japan came in as -5.0 for February versus -6.0 in January. On the same line, Tankan Non-Manufacturing Index eased to 17 for the said month versus 20.0 prior. Further, Japan’s wage talks and signals for higher payments to workers in Tokyo seem to underpin the need for hawkish Bank of Japan action even if the latest chatters favor Governor Haruhiko Kuroda’s one last shot at the ultra-easy monetary policy before he retires in April.
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