USD/JPY Under Early Pressure with the Bears Eyeing Sub-143

From fxempire.com

It was a quiet start to the Asian session for the USD/JPY pair, with finalized service sector PMI numbers for Japan in focus. Following the weaker manufacturing sector PMI on Monday, the more influential services PMI rose from 49.5 to 52.2 versus a prelim 51.9. The numbers were USD/JPY negative. According to the September survey, • Looser COVID-19 policies drove demand for services. • Improving demand conditions led to a solid increase in incoming new business. • New business inflows from overseas increased for the first time since April. • Backlogs increase at the quickest pace in three months because of ... (full story)