The USD/JPY pair advances to historic highs of 155.00 in Wednesday’s London session.
USD/JPY moves higher to 155.00 as US Dollar bounces back. Investors await the US Data to get cues about when the Fed will pivot to interest rate cuts. The BoJ is projected to raise interest rates only one more time by year-end. The asset strengthens as the US Dollar finds support amid uncertainty ahead of the United States Q1 Gross Domestic Product and the core Personal Consumption Expenditure Price Index data for March, which will be published on Thursday and Friday.
Strong Durable Goods Orders indicate a stubborn inflation outlook. Meanwhile, the Japanese Yen weakens as investors expect that the Bank of Japan will not continue raising interest rates this week. Last time, the BoJ pushed interest rates to 0%-0.1% after maintaining a super easy monetary policy for 17 years. A Reuters poll showed that the BoJ will tighten policy further once this year and is expected to keep it stable till the June meeting.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Targets Breakout Above 155 as BoJ Decision LoomsForex Analysis by Fawad Razaqzada covering: USD/JPY, USD/CHF, Microsoft Corporation, Alphabet Inc Class A. Read Fawad Razaqzada's latest article on Investing.com
Read more »
Strong risk of intervention to protect USD/JPY pushing through 155Analysts at Rabobank share a brief outlook for the USD/JPY pair.
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 »
Markets Week Ahead: Gold, EUR/USD, USD/JPY - BoJ, US GDP, Core PCE, Big Tech EarningsThe upcoming week brings the Bank of Japan’s monetary policy decision and a flurry of high-impact economic data and earnings, setting the stage for potential volatility in financial markets.
Read more »
USD/JPY is testing long-term highs at 154.78 with the BoJ on focusNothing stops the US Dollar. Neither the moderate risk appetite seen on Monday nor the reiterated intervention warnings by diverse economic authorities, the Yen remains pinned to long-term lows near 155.00.
Read more »
USD/JPY faces sell-off near 152.00 as BoJ’s stealth intervention hopes deepenThe USD/JPY pair finds intense selling pressure near historic highs of 152.00 in Wednesday’s late American session.
Read more »