USD/JPY weakens near 143.50, focus on Fed’s Bowman speech

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USD/JPY weakens near 143.50, focus on Fed’s Bowman speech
MajorsMacroeconomics
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The USD/JPY pair trades with mild losses near 143.55 during the early Asian session on Tuesday.

USD/JPY loses ground around 143.55 in Tuesday’s early Asian session. Fed rate cut maintains bearish mood surrounding USD/JPY. BoJ policymakers tempered another hike speculation, which might cap the JPY’s upside; rising geopolitical risks could boost the JPY. The decline in US Dollar continues to weigh on the pair. The US September Consumer Confidence is due later in the day and the Federal Reserve Governor Michelle Bowmanis set to speak.

Bloomberg reported early Tuesday that Israel carried out airstrikes on targetsin southern Lebanon, killing almost 500 people in one of the bloodiest days of fighting in nearly two decades and fuelling concerns of all-out conflict. Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies.

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