Published: 2024-07-10T04:55:57.000Z
USD/JPY flows: Resume upward traction
FX Analyst
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Japan June PPI +0.2% m/m and +2.9% y/y
U.S. Treasury and JGB yields are both higher across the curve with global risk sentiment broadly positive. The June Japan PPI continue to stay below 1% m/m at 0.2%, seems to have further lowering inflation expectations.
USD/JPY is trading 0.1% higher at 161.44. The upside traction seems to be resuming and we could see another challenge of 161.95 July high.