The greenback is markedly lower vs. its Japanese counterpart on Thursday, with USD/JPY now consolidating around 123.60.
The
pair has broken down the key support at 124.00 and is now meandering
the 123.60 area, amidst a confusing scenario in Greece in light of the
Eurogroup meeting.
Next
of relevance in the pair will be US Initial Claims, Markit’s Services
PMI, PCE and Personal Income/Spending. On the Japanese side, critical
inflation figures gauged by the CPI are due on early Friday followed by
the jobless rate and Overall Household Spending.
Source : Fx Street
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