USD/JPY prods Yen bears near 139.50 as yields retreat, risk dwindles ahead of US inflation – by anilpanchal7 USDJPY BOJ Fed Inflation YieldCurve
That said, the Yen pair’s latest run-up could be linked to the downbeat Japan data that justifies the Bank of Japan Officials’ dovish bias. Earlier in the day, Japan’s Business Sentiment Index Large Manufacturing Conditions Index for the second quarter dropped to -0.4 versus 0.1 expected and -10.5 prior.
It should be noted that Bank of Japan policymaker Masazumi Wakatabe said in a Bloomberg TV interview early Monday, “It’s still too early to call that this inflation has been sustainable and stable.” That said, BoJ’s Wakatabe clearly ruled out options of any move by the Japanese central bank in the June meeting as he guessed that at the June meeting, there would be nothing.
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