Let's explore the USDJPY market today with Selena!
Currently, the UJ continues to shine as it consistently maintains its upward momentum, reaching record highs over the past few months. The currency pair is currently trading at 148.33 and remains in an upward trend, continuously receiving support. Particularly, the intervention of the Japanese government in the foreign exchange market to support the domestic currency, along with a lower risk level, will somewhat support the further increase of the Japanese Yen (JPY).
What are your thoughts on the market today?
Currently, the UJ continues to shine as it consistently maintains its upward momentum, reaching record highs over the past few months. The currency pair is currently trading at 148.33 and remains in an upward trend, continuously receiving support. Particularly, the intervention of the Japanese government in the foreign exchange market to support the domestic currency, along with a lower risk level, will somewhat support the further increase of the Japanese Yen (JPY).
What are your thoughts on the market today?
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good luck everyone <3
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US 10-year Treasury yields hit a high of 4.533%
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USDJPY is still continuing its upward momentum above the record high of 148.87
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Japan’s National Consumer Price Index (YoY) report for August printed a reading of 3.2% compared to the previous rate of 3.3%. While National CPI ex-Fresh Food (YoY) remained consistent at 3.1% against the expected 3.0%.
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BoJ Ueda supports for extending the expansionary monetary policy as 2% inflation is not in sight. Kazuo Ueda cited that a moderate rise in inflation backed by wage growth would be a real victory for the central bank.
