USD/JPY defends 115.00 amid softer Japan data, firmer yields By anilpanchal7 USDJPY RiskAppetite Coronavirus YieldCurve Currencies
Japan’s preliminary Industrial Production, Retail Trade eased in December.Hawkish Fedspeak, Russia tensions keep yields firmer amid a softer start to the week.
In doing so, the yen pair justifies downbeat Japanese data and firmer US Treasury yields amid a sluggish start to the week. Elsewhere, coronavirus conditions in Japan continue to worsen with the escalating numbers of hospital beds in Tokyo pushing the government to announce the virus-led emergency for the second time. “Japan confirmed more than 82,000 daily coronavirus infections on Saturday, reaching a new record for the fifth straight day, as the highly transmissible Omicron variant continues to spread across the country,” said the KyodoAmid these plays, the US 10-year Treasury yields add 1.5 basis points to 1.
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