During the Asian session, New Zealand will report Electronic Card Retails Sales data and Australian Confidence surveys are due. Later in the day, the
Here is what you need to know on Tuesday, September 12: finally ended after several consecutive days of gains. The pullback was triggered by some improvement in risk sentiment. The Nasdaq increased by 1.14%, while the S&P 500 climbed 0.67%. As a result, the DXY retreated from above 105.00 to 104.55. US Treasury yields moved sideways, with the 10-year yield hovering around 4.28%. on Wednesday and the Producer Price Index on Thursday will provide more inflation data.
The Japanese Yen soared during the Asian session following Bank of Japan's Governor Ueda's comments, stating that interest rates could rise by year-end if wages rise enough. USD/JPY dropped below the 146.00 level and reached levels under the 20-day SMA but then rebounded to the 146.50 area. declined for the second consecutive day, reaching weekly lows near 1.3550. The outlook could turn bearish in the short term if prices stay below the 20-day SMA, which stands at 1.3575.climbed above 0.
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