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USD/JPY – Yen Steady, US CPI Reports Next

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/JPY has edged lower on Thursday, following losses which marked the Wednesday session. In the European session, the pair is trading slightly above the 109 level. On the release front, Japanese bond yields continue to fall, as 30-year bonds dropped to 0.39% in the April auction. The US will releases consumer inflation reports later in the day, as well as Unemployment Claims. On Friday, we’ll get a look at the UoM Consumer Sentiment Index, a key gauge of consumer confidence. The yen has been

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