Breaking: USD/JPY teases Japan intervention on crossing 146.00 hurdle to renew 24-year high – by FXstreetNews Breaking USDJPY BOJ RiskAppetite YieldCurve
Rebound in Treasury yields, risk-off mood and the hawkish Fed bets favor bulls.Bulls will look for hawkish Fed Mintues but Japan’s bond move could probe the upside moves.
Japan’s Machinery Orders for August posted their biggest single-month fall in six months while flashing -5.8% MoM print. That said, the yearly figures were also disappointing and lagged behind 12.6% market forecasts, as well as 12.8% prior. On the other hand, the US 2-year Treasury yields reversed the previous day’s pullback from a two-week top earlier in the day, easing back to 4.30% at the latest.
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