USD/JPY flirts with 11-month top at 149.00
Brian greets you all! Today, USD JPY continues to trade at a high level, reaching the milestone of 149.14.
As widely predicted in the market, the Federal Reserve (Fed) has chosen to maintain interest rates in the range of 5.25-5.50% during its meeting on Wednesday. This decision provides an opportunity for USD JPY to continue shining. However, Fed Chairman Jerome Powell, in a subsequent press conference, reiterated the Fed's commitment to achieving the 2% inflation target. Powell also mentioned that the Fed is prepared to raise interest rates if deemed necessary, posing a new challenge for USD JPY and requiring careful movements in this currency pair.
As widely predicted in the market, the Federal Reserve (Fed) has chosen to maintain interest rates in the range of 5.25-5.50% during its meeting on Wednesday. This decision provides an opportunity for USD JPY to continue shining. However, Fed Chairman Jerome Powell, in a subsequent press conference, reiterated the Fed's commitment to achieving the 2% inflation target. Powell also mentioned that the Fed is prepared to raise interest rates if deemed necessary, posing a new challenge for USD JPY and requiring careful movements in this currency pair.
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Japan Finance Min Suzuki said Japan is at a critical stage whether to spur consumption, wage growth; Reiterated excessive FX moves are not desirable, watching FX moves with a high sense of urgency.
