By Krishna K — Feb 12 - 06:00 PM
USD/JPY starts week on a cautious note as investors mull BOJ governor pick
JPY gained initially Fri on news Japan set to pick Ueda as next BOJ chief
Pared gains after Ueda said BOJ monetary policy was appropriate
JP Morgan says Ueda “neither dovish or hawkish” but neutral and data-driven
Kazuo Ueda: Who is the new BOJ governor and what can we expect from him?
Rising U.S. inflation expectations, improved consumer sentiment lift USD
U.S. Jan CPI eyed Tue, expected to climb 0.4% M-on-M, core CPI to rise 0.4%
USD likely to remain well supported on dips ahead of the data
Global range Fri 129.80-131.90; Japan stocks and bonds key for direction Mon
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Source:
Refinitiv IFR Research/Market Commentary