USD JPY Faces Velocity Loss: Heading Towards 150 Amid Anticipation of Japanese Inflation Data
The USD JPY pair shows significant losses as it accelerates towards the 150 mark. Investors brace for the upcoming Japanese inflation figures that could shape market direction. Recent trends revealed that German bunds underperformed against US Treasuries, contributing to market volatility. Yields increased between 4.6 and 6.4 basis points in response to insights from ECB board member Schnabel. As traders prepare for a potentially impactful economic release, the market remains on alert for any signs that could indicate future trends in currency pairs.