USD/JPY drops to 146.00 amid sluggish DXY, BOJ policy grabs attention

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USD/JPY drops to 146.00 amid sluggish DXY, BOJ policy grabs attention
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USD/JPY drops to 146.00 amid sluggish DXY, BOJ policy grabs attention – by Sagar_Dua24 USDJPY BOJ Fed GDP ApparelDurables

Rising demand for US bonds due to an upbeat market mood has resulted in a vertical drop in yields.The BOJ may continue its dovish stance due to external demand shocks.pair has dropped sharply to 146.00 in the Asian session, following the bearish cues from the US dollar index . The asset has continued its two-day losing streak after surrendering Wednesday’s low at 146.22. The major is declining towards the low of knee-jerk reaction recorded on Monday to near 145.77.

has refreshed its monthly low at 109.56 and is likely to remain on the tenterhooks ahead of the crucial US economic data.led by sheer optimism in global markets has resulted in a vertical drop in yields. The 10-year US Treasury yields have dropped to 4%.

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