-
USD/JPY Forecast: BoJ Pivot Bets, US Producer Prices, and Fed Chatter in Focus
The USD/JPY declined by 0.34% on Thursday. Partially reversing a 0.89% gain from Wednesday, the USD/JPY ended the session at 145.260. The USD/JPY rose to a high of $146.413 before falling to a low of 145.207. On Friday, current account figures from Japan drew interest. The current account surplus narrowed from 2,582.8 billion Yen to 1,925.6 billion Yen in November. Economists forecast a current account surplus of 2,385.1 billion Yen. Market reaction to the narrowing was relatively limited. Investors remain focused on the Bank of Japan amidst fading plans to exit negative interest rates. Recent inflation, household ... (full story)