USD/JPY Extends Decline as FOMC Minutes Prove Less Hawkish, DXY Softens
The Japanese yen extended gains against the US dollar on Thursday as the Dollar Index slipped 0.15% to 100.91, with Fed minutes failing to deepen hawkish bets, while renewed US-Iran tensions and Brent near $78 kept yen losses limited in American trade. From the US front, Existing Home Sales dropped to 4,090,000 in June, compared with 4,190,000 in May. In Thursday's G10 trading, the JPY remained mostly bullish against other currencies. The next mild-impact event for the Japanese currency will be the June Producer Price Index, due on Friday. For the USD, the major event will be the speech from the Federal Reserve Bank of Dallas President Lorie Logan, due later on Thursday. The USD/JPY pair was trading at 162.324, with a 0.16% decline during Thursday's American trading hours at the time of writing.
The Japanese yen extended gains against the US dollar on Thursday as the Dollar Index slipped 0.15% to 100.91, with Fed minutes failing to deepen hawkish bets, while renewed US-Iran tensions and Brent near $78 kept yen losses limited in American trade.
From the US front, Existing Home Sales dropped to 4,090,000 in June, compared with 4,190,000 in May.
In Thursday's G10 trading, the JPY remained mostly bullish against other currencies.
The next mild-impact event for the Japanese currency will be the June Producer Price Index, due on Friday.
For the USD, the major event will be the speech from the Federal Reserve Bank of Dallas President Lorie Logan, due later on Thursday.
The USD/JPY pair was trading at 162.324, with a 0.16% decline during Thursday's American trading hours at the time of writing.