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USDJPY adds 1.0% to pare US inflation-led slump above 142.00, US Michigan CSI eyed
USDJPY seesaws around the intraday high near 142.50 as it consolidates the biggest daily fall since October 1998 during Friday’s Asian session. In doing so, the yen pair takes clues from the market’s slightly sour sentiment, as well as inactive US Treasury yields, amid the sluggish session. That said, the fears of coronavirus renew as China’s Beijing reports the biggest daily jump in the covid cases in over a year. For the nation as a whole, the daily coronavirus numbers grew past 10,000 for the first time in seven months. Elsewhere, the US 10-year Treasury yields remain inactive around the monthly low near ... (full story)