USD/JPY refreshes the Year-To-Date (YTD) high to 146.55 but lacks follow-through amid fears of the Japanese policymakers’ market intervention to defen
sours as traders fear hawkish Fed bias amid global economic woes. Also challenging the sentiment could be the geopolitical/economic woes emanating from China, as well as the recently mixed US data.
To portray the mood, S&P500 Futures dropped to the lowest level in five weeks, indecisive around the multi-day bottom surrounding 4,415-20 by the press time. In doing so, the US stock futures trace losses made by the Wall Street benchmark.
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