USD/JPY trades around 154.60 during the early European session on Wednesday, hovering near its peak at 154.78, a level not seen since June 1990.
USD/JPY maintains its position around the high of 154.78 marked on Tuesday. US Dollar strengthens on expectations of the Fed prolonging higher policy rates for a longer duration. Japan ’s Merchandise Trade Balance Total rose to a surplus of ¥366.5 billion in March, from the previous deficit of ¥377.8 billion. The downward correction in the US Dollar puts pressure on the USD/JPY pair.
Additionally, a private survey revealed that sentiment among manufacturers in Japan softened in April due to a weaker Yen driving up import expenses. Furthermore, the Japanese Yen could see bolstering from safe-haven inflows, likely prompted by risk aversion. Investors are cautiously monitoring Israel's response to Iran's air strike on Saturday.
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 hovers around 153.00, the highest level since July 1990, eyes on intervention risksThe USD/JPY pair trades on a weaker note near 153.00 after retreating from the highest level since July 1990, nearly 153.24, on Thursday during the early Asian session.
Read more »
USD/JPY Outlook: Hot US Inflation Propels USD/JPY to Worrying LevelsJapanese finance officials issued a further warning centered around the volatility of recent yen weakness, explicitly mentioning USD/JPY levels currently in play
Read more »
Asia FX falls, USDJPY at 1990 highs as dollar strengthensAsia FX falls, USDJPY at 1990 highs as dollar strengthens
Read more »
Asian stocks tread water, Nikkei rebounds as yen hits 1990 lowsAsian stocks tread water, Nikkei rebounds as yen hits 1990 lows
Read more »
1990 Honda Accord EX Is the Start of Something BigHonda runs one up the middle.
Read more »
1990 Lincoln Town Car Signature Series: A Smoother RelicLincoln's redesigned Town Car combines modern looks with a driving experience straight out of 1975.
Read more »