USD/JPY stretches Thursday’s losses from 106.21 to trim Wednesday’s run-up.
Japan’s National Consumer Price Index grew 0.3% YoY in July, Jibun Bank Manufacturing PMI rose past-45.2 for August.
Japan eases re-entry restrictions for foreign residents, US House Speaker Nancy Pelosi again confuses stimulus watchers.
US PMI, risk catalysts will be the key to watch.
USD/JPY drops to 105.65, intraday low of 105.62, amid the initial hour of Tokyo open on Friday. The yen pair remains on the back foot for the second day in a row even as risk barometers gain upside momentum. The reason could be traced from welcome economics from Japan and news of easing lockdown restrictions as well as a sluggish move by the US dollar


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