USD/JPY ignores sluggish yields to rise past 143.00 as softer Japan real wages defend BoJ doves – by anilpanchal7 USDJPY YieldCurve BOJ Fed RiskAversion
ing so, the Yen pair justifies the market’s latest dovish concerns about the Bank of Japan , backed by downbeat Japanese real wage data for June. With this, the risk-barometer pair ignores sluggish yields as the US Dollar extends the previous day’s recovery amid cautious optimism in the markets.
On Monday, the Bank of Japan’s Summary of Opinions for the July meeting showed that one member said the achievement of 2% inflation in a sustainable and stable manner seems to have clearly come in sight. The news joins signals of tweaking the Yield Curve Control policy with greater care to weigh on the JPY amid the dovish BoJ concerns.
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