USD/JPY Fell On Soft BSI Surveys, Tracing Nikkei After Tokyo Open

USD/JPY dropped as Japan’s business sentiment index (BSI) for all industries came in at 3.3 for this yearÂ’s first quarter, which was lower than 6.2 in Q4 2017. The BSI reading for manufacturing was 2.9 in Q1 2018, which was well below the 9.7 print from the last period. Both readings were the lowest…

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