@USD/JPY pares sharp losses, as investors await potential easing from BOJ(29/07/2559)
territory. The Yen has gained nearly 13% against the U.S. Dollar year-to-date. The Japanese government is scheduled to release a slew of economic data ahead of the BOJ's press conference on Friday. Analysts expect that inflation in Japan fell 0.3% on an annual basis in June, one month after it declined by 0.4% year-over-year. Meanwhile, the June unemployment rate is expected to remain unchanged at 3.2%. Yields on the U.S. 10-Year rose one basis point to 1.50%, while yields on the Japan 10-Year added two basis points to Negative-0.28%. Over the last year, yields on 10-year U.S. Treasuries have fallen more than 70 basis points. Elsewhere, EUR/USD hit near two-week highs at 1.1119, before falling back slightly to 1.1080 (up 0.20%). GBP/USD fell 0.45% to 1.3161. The U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, fell to a near two-week low at 96.25 on Thursday before rallying slightly to 96.69 at the close of U.S. afternoon trading. Earlier this week, the index hit a four-month high at 97.62. Source: investing.com (28/07/2016)
