The USD/JPY pair added about 40 points at the beginning of the week, reaching the highest level since early August - 107.50. Nevertheless, given the deteriorating mood in the market, she has little chance of maintaining momentum. Published data showed that orders for industrial equipment in August fell by 37.1 percent year on year. In addition, the producer price index in China in August fell by 0.8% compared with the same period last year, which also puts pressure. Similarly, European stock indices have so far shown modest losses, while the yield on 10-year US Treasury bonds fell by more than 1%, which confirms the growing risk appetite.
Meanwhile, data from the United States showed that the NFIB business optimism index in August fell to 103.1 points from 104.7 points in July. However, the decline was expected and was largely ignored by market participants. At the moment, the US dollar index, which tracks the value of the dollar against a basket of six major currencies, has grown by 0.13% per day and holds at 98.43, which allows the pair to show modest daily growth.
