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JPY Weakness Extends, USD Index Re-Approaching 110

LATAM
  • JPY has been sliding over the European session, putting USD/JPY on track to test Y142.00 as the pair resumed recent strength as US investors return from the three-day holiday weekend. The primary driver for USD/JPY remains rate differentials, with front-end US yields shooting higher after being closed throughout Monday trade.
  • The USD index is recovering from a dip overnight and is once again approaching the 110 mark as of writing. Focus turns to the final August services and composite PMI data from the US as well as the ISM Services Index release.
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  • JPY has been sliding over the European session, putting USD/JPY on track to test Y142.00 as the pair resumed recent strength as US investors return from the three-day holiday weekend. The primary driver for USD/JPY remains rate differentials, with front-end US yields shooting higher after being closed throughout Monday trade.
  • The USD index is recovering from a dip overnight and is once again approaching the 110 mark as of writing. Focus turns to the final August services and composite PMI data from the US as well as the ISM Services Index release.