USD/JPY drifted higher on Wednesday, marking in a third straight day of easy gains as the pair pares away recent losses from two suspected “Yenterventions” by the Bank of Japan (BoJ).
USD/JPY found further gains as Yen recedes post-”Yentervention”. US consumer sentiment survey results due on Friday. BoJ remains tight-lipped on FX market interventions. USD/JPY drifted higher on Wednesday, marking in a third straight day of easy gains as the pair pares away recent losses from two suspected “Yenterventions” by the Bank of Japan . The Yen has battled back from multi-decade lows, but progress is limited as the JPY resumes deflating across the board.
The economic calendar remains relatively thin for the rest of the week, and USD/JPY traders will be looking ahead to a fresh round of inflation figures from the US next week, as well as Japan’s latest Gross Domestic Product growth figures due early next Thursday. USD/JPY technical outlook USD/JPY has climbed back over the 200-hour Exponential Moving Average at 155.04 in the mid-week market session, ticking into a fresh high near 155.70 and set for a run at the 156.00 handle.
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