USD/JPY Forecast: Investor Focus on Japanese Economic Indicators and Yen Trends
==========
On Wednesday, August 7, economic indicators from Japan will draw investor interest; Upbeat numbers could support a more hawkish Bank of Japan rate path and a stronger Japanese Yen; Japan’s Leading Economic Index may influence demand for the USD/JPY; Economists expect the Leading Economic Index to drop from 111.2 in May to 109.3 in June; The Bank of Japan reduced its Japanese Government Bond (JGB) purchases and unexpectedly raised interest rates; Rising fears of a US recession and hawkish BoJ commentary could signal a USD/JPY drop below 140.
#Usd/jpy #JapaneseEconomy #BankOfJapan #InterestRates #EconomicIndicators
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-investor-focus-on-japanese-economic-indicators-and-yen-trends-1451737
FX Empire /
npub1lj…9zjdc
2024-08-07 01:18:12
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wss://relay.damus.ioPublished at
2024-08-07 01:18:12Event JSON
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"content": "USD/JPY Forecast: Investor Focus on Japanese Economic Indicators and Yen Trends\n==========\n\nOn Wednesday, August 7, economic indicators from Japan will draw investor interest; Upbeat numbers could support a more hawkish Bank of Japan rate path and a stronger Japanese Yen; Japan’s Leading Economic Index may influence demand for the USD/JPY; Economists expect the Leading Economic Index to drop from 111.2 in May to 109.3 in June; The Bank of Japan reduced its Japanese Government Bond (JGB) purchases and unexpectedly raised interest rates; Rising fears of a US recession and hawkish BoJ commentary could signal a USD/JPY drop below 140.\n\n#Usd/jpy #JapaneseEconomy #BankOfJapan #InterestRates #EconomicIndicators\n\nhttps://www.fxempire.com/forecasts/article/usd-jpy-forecast-investor-focus-on-japanese-economic-indicators-and-yen-trends-1451737",
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