USD/JPY Is Pressured Below 135.00 Despite Strong Japan Inflation Data | ICM.COM

Rising U.S. Treasury Bond Yields Have Helped The USD/JPY Bulls

USD/JPY Is Pressured Below 135.00 Despite Strong Japan Inflation Data

 

The USD/JPY pair rebounded strongly before easing below 135.00 after the release of Japan's inflation on early Friday in Asia.  Japan's inflation matches the forecast at 2.1% while the core CPI remained steady at 0.8%. this means that the rise of prices in goods other than food and oil is sustaining.

 

Japan's economy is facing a crisis from the inability to sustain the demand. With the core CPI figures released, it will support the Bank of Japan (BOJ) to reach its inflation target. Investors shift their focus to the US Durable Goods Orders on Monday, which is forecasted at 0.6% from the prior release of 0.5%.

Rising U.S. Treasury Bond Yields Have Helped The USD/JPY Bulls

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