USD/JPY retreats from YTD high, holds above 147.50, eyes on Japanese GDP

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USD/JPY retreats from YTD high, holds above 147.50, eyes on Japanese GDP
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The USD/JPY pair retreats from a Year-To-Date (YTD) high of 147.87 and currently trades around 147.50 during the Asian session on Thursday. The better

cites anonymous sources to affirm that the Japanese government is likely to implement new economic stimulus measures in October, per Reuters. The news mentioned that the key goals of the stimulus are to support companies' wage increases and to lower energy bills.

Earlier this week, Japanese Household Spending fell 5.0% year on year in July, below the market expectation of a 2.5% drop. This figure indicated the sixth straight month of decline.

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