USD/JPY Grinds Higher as Markets Await ECB Decision

Monday, 4 March 2024, 13:05

The USD/JPY pair moved upward as US Treasury yields rose, hitting 150.45 in European trade. Headlines were light in Europe, with the focus on upcoming events. Euro and pound experienced slight movements. Markets are hovering sideways, anticipating significant events this week.
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USD/JPY Grinds Higher as Markets Await ECB Decision

European FX News Wrap

Headlines from Europe were light and price action was subdued. Euro rose but later retraced, while the pound strengthened. USD/JPY climbed as US Treasury yields increased. Markets are consolidating as they await key events.

Key Data:

  • Swiss CPI m/m: 0.6% (0.5% expected)
  • Spanish Unemployment Change: -7.452k (-50.0k forecast)
  • Sentix Investor Confidence: -10.5 (-10.8 expected)

This article was written by Adam Button.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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