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USDJPY extends to a new high for the week and highest level since May 3

The USDJPY moved lower in the Asian session and into the early New York session. Yields were lower and the price drifted. However, the low price stalled against the 50% midpoint of the May trading range at 135.63, and the price rebounded higher. US retail sales were mixed but the control group was higher. Industrial production came in better than expectations. Yields have moved higher with the 2 year now up close to 5 basis points to 4.052% as Fed talk is starting to be heard by traders a littl... Read More

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Usdjpy

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Posted: May 16 2023, 14:17

Author Name: forexlive

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