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USD/JPY Forecast: Japanese Yen Faces Fed’s Decisions and BoJ’s Stance
On Friday, the USD/JPY rose by 0.25%. Following a 0.01% gain on Thursday, the USD/JPY ended the week up 0.04% to 147.830. A choppy session saw the USD/JPY fall to an early low of 147.334 before rising to a high of 147.951. Bank of Japan on Target to Retain Ultra-Loose Policy Outlook: Talk of a Bank of Japan move away from negative rates delivered Yen volatility last week. However, economic indicators from Japan continue to support bets on the Bank of Japan staying in a negative-rate holding pattern. Weak household spending and softer wage growth figures signal delays to any shift in the inflation dynamics. The Bank ... (full story)
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- Posted: Sep 18, 2023 12:13am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,857
