USD/JPY rises to near 148.00 as calm market sentiment dents Yen’s appeal

The USD/JPY pair jumps to near 148.00 in Tuesday’s European session.

USD/JPY gains to near 148.00 as appeal for the Japanese Yen as safe-haven has diminished. The US inflation data will influence market speculation for Fed rate-cut size in September. Investors see the US headline and core PPI growing at a slower pace on monthly as well as annual basis. The asset gains as the Japanese Yen weakens due to a sharp decline in safe-haven flows.

7%, respectively. 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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