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USD/JPY trades with a mild positive bias above mid-149.00s, lacks follow-through
The USD/JPY pair attracts some dip-buying on the first day of a new week and for now, seems to have stalled a three-day-old corrective decline from the 151.70 area, or its highest level since October 2022 touched last Tuesday. Spot prices currently trade just above the mid-149.00s, up nearly 0.15% for the day, and draw support from a modest US Dollar (USD) uptick, though lack bullish conviction. Rebounding US Treasury bond yields assist the USD Index (DXY), which tracks the Greenback against a basket of currencies, to recover a part of Friday's post-US jobs data slump to a six-week low. Apart from this, the Bank of ... (full story)