The USD/JPY pair trades sideways below the crucial resistance of 145.00 in Thursday’s European session.
USD/JPY stays below 145.00 with US core PCE inflation on the horizon. Global market sentiment appears to be asset-specific. The BoJ is expected to raise interest rates again this year. The asset struggles for direction as investors await the United States Personal Consumption Expenditure inflation report for July, which will be published on Friday.
The inflation report is expected to show that the CPI, excluding Fresh Food, grew steadily by 2.2%. Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
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