- USD / JPY remains on track to end the second day in a row in positive territory.
- The US Dollar Index remains above 93.00 after falling following the FOMC Minutes.
- The 10-year US Treasury yield is clinging to modest daily gains.
The pair USD/JPY It advanced to a daily high of 110.07 during US business hours, but fell after the FOMC released the Minutes from its July policy meeting. However, the pair is still on track to close the second day in a row higher and was last seen rising 0.3% on the day at 109.90.
DXY declines modestly after FOMC Minutes
According to the FOMC publication, several participants emphasized that an asset reduction announcement should not be interpreted as the beginning of a predetermined course to raise the policy rate. With the initial reaction, the US Dollar Index (DXY), which touched its strongest level since early April at 93.26 earlier in the day, fell below 93.00 but had no difficulty cutting its losses. At time of writing, the DXY remained lateralized on the day at 93.13.
Meanwhile, the 10-year US Treasury yield is clinging to modest daily gains at 1.275%, helping USD / JPY stay in positive territory.
High-level macroeconomic data from Japan will not be released on Thursday. The weekly Initial Unemployment Claims and the Philadelphia Fed Manufacturing Survey will be included in the US economic agenda.
Technical levels
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