USD/JPY Forecast: Market Eyes 10-Year JGB Auction for Yen Price Cues
==========
On July 2, a 10-year Japanese Government Bond Auction could attract interest as the Yen languishes around 161.5 against the US dollar. Bank of Japan monetary policy-related chatter and government intervention threats require consideration. The auction's results may reflect confidence in the Japanese economy and fiscal position, impacting Yen strength relative to its peers. The Bank of Japan's plans to cut JGB purchases in the July Monetary Policy Meeting and the possibility of intervention or BoJ measures to bolster the Yen are also factors to consider. The US JOLTs Job Openings Report and Fed Chair Powell's remarks will be in the spotlight as well. The USD/JPY trends depend on intervention threats, BoJ commentary, US labor market data, and Fed Chair Powell.
#Usd/jpy #JapaneseGovernmentBondAuction #Yen #BankOfJapan #UsJoltsJobOpeningsReport #FedChairPowell
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-market-eyes-10-year-jgb-auction-for-yen-price-cues-1442676
FX Empire /
npub1lj…9zjdc
2024-07-02 01:11:30
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wss://relay.damus.ioPublished at
2024-07-02 01:11:30Event JSON
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"content": "USD/JPY Forecast: Market Eyes 10-Year JGB Auction for Yen Price Cues\n==========\n\nOn July 2, a 10-year Japanese Government Bond Auction could attract interest as the Yen languishes around 161.5 against the US dollar. Bank of Japan monetary policy-related chatter and government intervention threats require consideration. The auction's results may reflect confidence in the Japanese economy and fiscal position, impacting Yen strength relative to its peers. The Bank of Japan's plans to cut JGB purchases in the July Monetary Policy Meeting and the possibility of intervention or BoJ measures to bolster the Yen are also factors to consider. The US JOLTs Job Openings Report and Fed Chair Powell's remarks will be in the spotlight as well. The USD/JPY trends depend on intervention threats, BoJ commentary, US labor market data, and Fed Chair Powell.\n\n#Usd/jpy #JapaneseGovernmentBondAuction #Yen #BankOfJapan #UsJoltsJobOpeningsReport #FedChairPowell\n\nhttps://www.fxempire.com/forecasts/article/usd-jpy-forecast-market-eyes-10-year-jgb-auction-for-yen-price-cues-1442676",
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