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USD/JPY Forecast: US Inflation to Dictate Trends After the BoJ Policy Decision
The USD/JPY slid by 1.01%. Following a 0.19% loss on Thursday, the USD/JPY ended the Thursday session at 142.108. The USD/JPY rose to a high of 143.569 before falling to a low of 142.043. Japanese Inflation Softens in November On Friday, inflation figures from Japan drew investor interest. The Bank of Japan fueled monetary policy uncertainty by avoiding references to a pivot from negative rates. On Tuesday, the BoJ left monetary policy unchanged. Only 20% of economists from a Reuters Poll predicted a January 2024 exit from negative rates. The core inflation rate softened from 2.9% to 2.5% in November, with the annual ... (full story)