⚡️USD/JPY continues the winning streak that started on Friday, trading around 146.60 during the Asian session on Tuesday. The pair is experiencing upward support despite the market caution after the modest employment data from the United States (US) as the likelihood of no interest rate adjustment by the US Federal Reserve (Fed) in the September meeting.
⚡️Furthermore, the upward trajectory of the USD/JPY pair could experience support as investors are still factoring in the odds of a quarter basis points (bps) rate hike by the Fed.
⚡️However, Japan's disappointing year-on-year Household spending data for July, which was unveiled on Monday, could be contributing to the downward pressure on the Japanese Yen (JPY). The statistics revealed the worst decline since February 2021, with the actual figure registering at -5.0%, notably worse than the anticipated -2.5%. June's figure was -4.2%. This outcome implies that the Bank of Japan (BoJ) may refrain from making any immediate adjustments to its accommodative monetary policy.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
⚡️Furthermore, the upward trajectory of the USD/JPY pair could experience support as investors are still factoring in the odds of a quarter basis points (bps) rate hike by the Fed.
⚡️However, Japan's disappointing year-on-year Household spending data for July, which was unveiled on Monday, could be contributing to the downward pressure on the Japanese Yen (JPY). The statistics revealed the worst decline since February 2021, with the actual figure registering at -5.0%, notably worse than the anticipated -2.5%. June's figure was -4.2%. This outcome implies that the Bank of Japan (BoJ) may refrain from making any immediate adjustments to its accommodative monetary policy.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
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⚡️USD/JPY pair reaches a 10-month high of 147.70, driven by risk aversion and a surge in US 10-year Treasury bond yields to 4.261%.
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⚡️Bank of Japan (BoJ) board member Hajime Takata returned to work on Wednesday, expressing his views on inflation while declining to comment on exchange rate values.
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⚡️Actual PMI news is larger than forecast, good prospects for USD
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⚡️USD/JPY melanjutkan penurunannya berikutan kontroversi mengenai langkah-langkah rangsangan kerajaan Jepun.
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⚡️USD/JPY extended its decline following the controversy surrounding the Japanese government's stimulus measures.
The momentum indicator shows a favorable trend in the price movement of this pair in the short term.
The momentum indicator shows a favorable trend in the price movement of this pair in the short term.
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⚡️Price is in the plan of Krado
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⚡️USD/JPY recovers soon lost positions, concerns about intervention limit gains amid USD pullback
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⚡️Challenging psychological barriers
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⚡️DXY's recovery
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⚡️The market becomes more active when the American session begins
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⚡️The US is facing the risk of second round inflation, leaving the Fed open to raising interest rates, putting further pressure on the exchange rate
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⚡️Is everyone ready for the new war?
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⚡️USD/JPY opens with a bearish gap in reaction to BoJ Governor Ueda's hawkish signal
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Japanese Household Spending suffered its largest decline in nearly two and a half years.