USD/JPY After Corrective Downside Journey from Six-Week Highs
Key Takeaways:
π The US Dollar is benefiting from risk aversion, but US Treasury yields remain a drag, causing a pullback in the USD/JPY pair from its multi-week highs.
π The expectation that the new Bank of Japan Governor Kazuo Ueda could abandon the central bank's yield curve policy is lending support to the Japanese Yen.
π All eyes are on the US Retail Sales data due later in the NA session for fresh trading impetus.
π The US Dollar is benefiting from risk aversion, but US Treasury yields remain a drag, causing a pullback in the USD/JPY pair from its multi-week highs.
π The expectation that the new Bank of Japan Governor Kazuo Ueda could abandon the central bank's yield curve policy is lending support to the Japanese Yen.
π All eyes are on the US Retail Sales data due later in the NA session for fresh trading impetus.