USD/JPY climbs a dozen pipsCPI wasn't precisely robust because the headlines missed estimates and wage progre
USD/JPY climbs a dozen pips
CPI wasn’t precisely robust because the headlines missed estimates and wage progress was gentle. It did not matter to USD/JPY because the pair rose after an preliminary kneejerk decrease.
Treasury yields adopted an identical path with US 2-year yields right down to 1.44% then bouncing to 1.47%.
After all of the drama in Asian commerce earlier, I do not assume anybody is taking a commerce proper now with any conviction. It is a headline-traders commerce proper now and the playbook is to attend and see what occurs subsequent.