USD/JPY increasing traction above 149.60
Currently, the USD/JPY pair is holding steady at 149.60 during the early European trading hours on Tuesday. The demand for the US Dollar (USD) and the recovery of US Treasury bond yields have provided some support for this currency pair. Investors are awaiting the US Retail Sales data on Tuesday for fresh impetus. The monthly figures are expected to increase by 0.3% in September.
Looking ahead, market participants will keep an eye on US Retail Sales, Industrial Production, and the Fed's speaker on Tuesday. On Wednesday, Japan's trade data will be released, followed by the National Consumer Price Index (CPI) report on Friday. These figures may provide clear direction for the USD/JPY pair.
Looking ahead, market participants will keep an eye on US Retail Sales, Industrial Production, and the Fed's speaker on Tuesday. On Wednesday, Japan's trade data will be released, followed by the National Consumer Price Index (CPI) report on Friday. These figures may provide clear direction for the USD/JPY pair.
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