The USD/JPY pair trades in positive territory for the third consecutive day around 154.75 during the early Asian session on Wednesday.
USD/JPY gains traction near 154.75 inWednesday’searly Asian session. Fed’sKashkari noted the Fed might stand put on rates and open the door for hiking if inflationdoesn’tease. BoJ Governor said he will closely monitor theJPY'sweakness andwillconsider taking more steps if the currency continues to slide. The USD/JPY pair trades in positive territory for the third consecutive dayaround154.75 during the early Asian session on Wednesday.
The Fed policymakers emphasized that more clarity wouldbe neededin the inflation outlook before lowering its borrowing costs. The Bank of Japan hiked interest rates in March for the first time in 17 years, but it remains behind its global rivals, especially the Fed. The interest rate differential between Japan and the US has exerted some selling pressure and made the JPY less appealing.
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