Japanese Yen ticks greater after modified Japan’s Q3 GDP; does not have follow-through
The Japanese Yen has a hard time to profit from modest uptick led by modified GDP from Japan.
Doubts over the BoJ's capability to trek rates of interest more serve as a headwind for the JPY.
Reduced United States bond yields might balance out modest USD strength and cap the USD/JPY set.
The Japanese Yen (JPY) brings in some sellers following an Asian session uptick led by an upward modification of Japan's GDP print for the 3rd quarter, which, in addition to a modest United States Dollar (USD) uptick, raises the USD/JPY set back above the 150.00 mark. Doubts over whether the Bank of Japan (BoJ) will trek rates of interest even more in December ended up being a crucial element behind the JPY's relative underperformance versus its American equivalent.
Bets that the Federal Reserve (Fed...