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Monday, February 27, 2023

Fundamental: US dollar soars above 136.00 JPY, 2023 peak; US January PCE up sharply

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Alert Alert Feb 27, 2023, 11:00am
 
Fundamental: US dollar soars above 136.00 JPY, 2023 peak; US January PCE up sharply
A strong rise in US Personal Consumption Expenditures (PCE), up 0.6% in January following December's 0.2% gain, lifted USD/JPY (Dollar-Yen) to 136.60 overnight and fresh 2023 highs. At the close of trade in New York on Friday, the Greenback settled at 136.25 JPY. US Treasury yields rose with the 2-year rate jumping to 4.82% from 4.69%. The benchmark ...
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