Alexia greets everyone!
Today, participants in Marker continue to understand Powell's words, which show that the US central bank is still concerned about inflation and will raise interest rates if necessary. The growing concern is that this policy may not be sufficient to contain it. This has driven the USD/JPY exchange rate to increase, along with the rise in US bond yields.
Next week, the USD/JPY pair will receive some signals regarding US retail sales and inflation data. In Japan, the schedule will announce GDP, industrial production, and trade balance.
Since it last surpassed the resistance level of 150.67, the currency value has risen sharply. On the other hand, currently, this currency is facing the resistance level of 151.50. According to Alexia, the broken resistance level may be retested before any new volatility occurs.
Today, participants in Marker continue to understand Powell's words, which show that the US central bank is still concerned about inflation and will raise interest rates if necessary. The growing concern is that this policy may not be sufficient to contain it. This has driven the USD/JPY exchange rate to increase, along with the rise in US bond yields.
Next week, the USD/JPY pair will receive some signals regarding US retail sales and inflation data. In Japan, the schedule will announce GDP, industrial production, and trade balance.
Since it last surpassed the resistance level of 150.67, the currency value has risen sharply. On the other hand, currently, this currency is facing the resistance level of 151.50. According to Alexia, the broken resistance level may be retested before any new volatility occurs.
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