Note

USD/JPY GAINS FOLLOWING DISMAL US CONSUMER REPORT

ia7145
· Views 26




  • USD/JPY climbs after worse-than-expected US consumer sentiment data.
  • Recession fears reignited as Americans became less optimistic about the economy.
  • A jump in US inflation expectations underpins US yields and the Greenback.

The USD/JPY advanced steadily during the North American session, following a worse-than-expected University of Michigan (UoM) poll that showed that American consumers are becoming pessimistic about the economy. Despite that, the major trades at 155.83, up 0.24%.


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related