Major FX little changed as US President Biden speaks at his State of the Union address ...Middle East

Biden has not spoken on the economy nor economic policy directly. Even when he does I respect little response. This is a political event. USD/JPY dropped earlier, to under 147.60. It bounced to 148.10 or so and under the figure again now. While wages data is suggestive the Bank of Japan may pivot in March or April the household spending data was super-soft:January household spending data in Japan shows a significant drop - more This article was written by Eamonn Sheridan at www.forexlive.com.

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