USD JPY Surges Back Over 153.00: Key Economic Insights
USD JPY has moved back above the 153.00 mark. Recent releases, including the Q4 Tankan survey from Japan, were not overly negative. This survey indicated that firms expect inflation levels to surpass the Bank of Japan’s target of 2% over the next five years. It highlights market expectations surrounding yield differentials and the impact they can have on this major currency pair. Traders should closely monitor this performance as it provides insights into potential future movements in price and strategy adjustments.
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