USDJPY stays defensive at 10-week low around 139.50 despite downbeat yields, focus on Japan GDP

USDJPY stays defensive at 10-week low around 139.50 despite downbeat yields, focus on Japan GDP – by anilpanchal7 USDJPY RiskAppetite YieldCurve GDP CentralBanks

In doing so, the yen pair justifies the recent cautious mood as bond traders return from a long weekend. Also likely to have challenged the USDJPY bears is the anxiety ahead of a meeting between US President Joe Biden and China's Prime Minister Xi Jinping on the sidelined of the Group of 20 Nations gathering in Bali.

While portraying the mood, the S&P 500 Futures retreat from a one-month high, down 0.30% intraday near 3,990, whereas the US 10-year Treasury yields Additionally, talks of the Japanese Finance Ministry’s intervention to defend the Yen also drowned the USDJPY prices.

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