The USD/JPY pair trades sideways in a narrow range around 151.30 in the London session on Thursday.
USD/JPY trades back and forth above 151.00 ahead of the Fed’s preferred inflation gauge. Risk-perceived currencies are facing the heat of uncertainty ahead of the US core PCEfor February. Investors need more clarity about BoJ’s intervention to support the Japanese Yen.
The US Dollar strengthens as Fed Governor Christopher Waller’s commentary on the interest guidance negatively impacts Fed expectations for rate cuts in the June meeting. Fed Waller said there is no need to rush for policy rate cuts due to sticky price pressures and a strong economic outlook. Waller added, “Further progress expected on lowering inflation will make it appropriate for the Fed to begin reducing the target range for the federal funds rate this year, reported Reuters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY enters BoJ intervention zone after rallying into 151.000sThe USD/JPY rallies to multi-year highs in the 151.000s on Wednesday on the back of broad-based US Dollar (USD) strength ahead of the Federal Reserve policy meeting and a “one and done” trade weakening the Japanese Yen (JPY).
Read more »
USD/JPY drops to 151.00 on hot Japan’s inflationThe USD/JPY pair slips to 151.00 in Friday’s late European session.
Read more »
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD SetupsThis article analyzes the outlook for the U.S. dollar, focusing on three of the most traded currency pairs: EUR/USD, USD/JPY and GBP/USD. Key tech levels worth keeping an eye on in the coming days are discussed in depth.
Read more »
Markets on Edge Before US PCE Data; Outlook – Gold, EUR/USD, USD/JPY, GBP/USDThis article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY, GBP/USD and gold prices, exploring various potential scenarios that may manifest over the coming days and weeks.
Read more »
US Dollar Soars on Inflation Risks as Fed Looms; EUR/USD, GBP/USD, USD/JPY SetupsThis article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY and GBP/USD, exploring various technical and fundamental scenarios that could play out in the near term.
Read more »
USD/JPY Sinks on Bets BoJ Will End Negative Rates Soon, US Inflation in FocusUSD/JPY extends losses on speculation that the Bank of Japan may be warming up to the idea of ending negative rates during its March monetary policy meeting.
Read more »