USD/JPY retreats from daily highs reached at 151.68, as US Treasury bond yields dropped on mixed US economic data ahead of the US Federal Reserve monetary policy decision.
USD/JPY at risk of sliding to 150.00 handle, with losses of 0.39% as US Treasury bond yields drop. Market participants expect Fed to hold rates unchanged, with focus on Jerome Powell's press conference. Bank of Japan's latest decision keeps the Japanese Yen pressured against most G8 currencies. The major trades at 151.05, at the brisk of sliding to the 150.00 handle, with losses of 0.39%.
Subsequently, the US Bureau of Labor Statistics reported that job openings exceeded both forecasts and the previous reading, with September's Job Openings and Labor Turnover Survey reaching 9.553 million. Meanwhile, on the Japan front, the latest decision of the Bank of Japan keeps the Japanese Yen pressured against most G8 currencies. Even though the bank tweaked the Yield Curve Control , the USD/JPY printed a new year-to-date high of 151.
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