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Published: 2024-01-30T05:48:00.000Z

USD/JPY flows: Geopoliticla tension persist

byCephas Kin Long Yung

FX Analyst
-

Japan December unemployment rate dropped to 2.4% (expected 2.5%)

Japan's Kishida says will do "everything possible" to bolster household income

Biden expected to authorize US military strikes in mid-East Monday evening

On Tuesday Asia session, we saw Japanese December unemployment rate dropping to 2.4%. We also head from Japan's Kishida says will do "everything possible" to bolster household income. He highlighted the importance of wage hikes for the Japanese economics growth, which reinforces the importance of spring wage negotiation. Geopolitical tension persist with Biden expected to authorize US military strikes soon. 

U.S. Treasury Yields are lower across the curve, so as JGB yields. USD/JPY is trading 0.09% lower at 147.35.

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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