It is a quiet start to the Tuesday session for the USD/JPY. There are no economic indicators from Japan or China for investors to consider this morning. The lack of economic indicators will leave the USD/JPY in the hands of market sentiment toward the Fed and the global economic outlook. Hawkish central bank chatter from Tuesday will continue to resonate and raise the fear of a global recession. However, the narrative will likely change on Friday, with inflation numbers from Japan and the US in the spotlight. Hotter-than-expected inflation numbers for Tokyo and softer US inflation numbers would signal a USD/JPY ... (full story)