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Yen Remains Vulnerable, Greenback Firms

FOREX

The yen goes offered again, with USD/JPY adding 20 pips thus far and approaching its best levels from Tuesday. The U.S. dollar index (BBDXY) has advanced as U.S. Tsy yields have edged higher in early cash trade. EUR/JPY already had a look above yesterday's high, running to a fresh multi-year high of Y142.15, possibly sapping some strength from the yen.

  • The Antipodeans are on the back foot as U.S. e-mini futures trade in the red. Headline flow has offered little to sway risk sentiment in either direction.
  • Japanese Eco Watchers Survey, final EZ GDP, German industrial output & U.S. wholesale inventories take focus from here.
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