USD/JPY is at the best levels of the day, up 66 pis to 148.75.
The climb is a continuation of the moves that followed today's data slate. The numbers weren't great but they were good enough to sooth nerves after yesterday's Beige Book highlighted the risks around a stagnant economy. There could also be an element of position squaring ahead of Friday's non-farm payrolls report and the turn of the calendar into September.
Technically, the wipe out of yesterdays' decline in short order is a good sign but it also reinforces a series of higher lows and higher highs that began in mid-August.
Overall though, there isn't a strong signal on the chart but if tomorrow's jobs number is decent, then there is a fair chance we price-out some Fed cuts and push back to 151.00.
This article was written by Adam Button at investinglive.com.Hence then, the article about usd jpy recoups yesterday s decline was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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