The USD/JPY pair climbs to near 145.00 in Wednesday’s North American session.
USD/JPY rises to near 145.00 as the US Dollar recovers strongly. Upbeat US Consumer Confidence eases US hard landing fears. Investors await the Tokyo CPI and the US core PCE inflation for July. The asset strengthens as the US Dollar delivers a strong recovery move after posting a fresh annual low. The USD rebounds as upbeat United States Consumer Confidence data for August diminished fears of a hard landing.
The inflation data will influence market speculation for the Bank of Japan's interest rate hike path. 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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