USD/JPY little changed after the Japanese data

  • USD/JPY circa 156.20

We had some trade data from Japan with both exports and imports higher on the month, imports notably so:

And also machinery orders, better than expected in a welcome development (although this is a noisy data set):

USD/JPY is not doing a lot. Which is not surprising. Its being shoved around on developments impacting the outlook for both Federal Reserve and Bank of Japan policy (Fed rates down ... maybe eventually, and BOJ rates up .... also maybe eventually).

usdyen trade machine orders 22 May 2024 2

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access