The USD/JPY pair prints a fresh multi-decade high at 161.28, its highest since 1986, on Friday.
USD/JPY rises above 161.00 amid firm US Dollar ahead of the US Core PCE Inflation. US inflation data is expected to have softened in May. Fears of Japan’s intervention have intensified as Yen weakened to 161.00 against the US Dollar. The asset rises further as the US Dollar strengthens amid uncertainty ahead of the United States core Personal Consumption Expenditure price index data for May, which will be published on Friday.
policymakers use the annual Core PCE Price Index, which excludes volatile food and energy prices, as their primary gauge of inflation. A stronger-than-expected reading could help the USD outperform its rivals as it would hint at a possible hawkish shift in the Fed’s forward guidance and vice versa.
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