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Mexico Private Spending (YoY) declined to 2.1% in 2Q from previous 2.2%
Developing
In Short: The US Dollar's gains are limited by retreating US Treasury bond yields, despite reaching two-week highs against the Japanese Yen.
However, the uptrend in the USD is capped by a retreat in US Treasury bond yields, according to FXStreet.
Private spending in Mexico declined slightly to 2.1% in the second quarter from 2.2% previously, but this is not directly affecting the USD/JPY pair's movement.
What's still developing
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- Furthermore, hawkish RBA Governor Bullock's comments boost rate hike bets and support the Aussie.
- However, the Fed's hawkish outlook, along with geopolitical uncertainties, limits USD losses and caps the pair.
- USD/JPY is resuming its upside in the European session on Friday, refreshing two-week highs and nearing 158.00.
- Retreating US Treasury bond yields keep the US Dollar (USD) uptrend capped ahead of Fedspeak and mid-tier US data.
Sources
- FXStreetlink