The USD/JPY pair holds positive ground for the second consecutive day near 151.45 on Friday during the early Asian trading hours.
USD/JPY trades on a stronger note around the mid-151.00s on Friday. Japan’s Kishida said it was appropriate for the BoJ to maintain easy monetary policy. Fed’s Waller stated there is no rush to cut rate and need to maintain it for longer than expected The cautious approach from the Bank of Japan to keep monetary conditions accommodative exerts some selling pressure on the Japanese Yen .
Japan finance minister Shunichi Suzuki came in some verbal intervention on Friday, saying that he will closely watch the foreign exchange moves with a high sense of urgency and will not rule out any actions to respond to disorderly the FX moves. On the USD’s front, stronger US economic data and the high-for-longer rate narrative from the Fed lift the Greenback against its rivals.
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