Here is what you need to know on Friday, April 26: The Japanese Yen (JPY) stays under bearish pressure and trades at its weakest level in over three decades against the US Dollar following the Bank of Japan's (BoJ) decision to leave the monetary policy settings unchanged.
Here is what you need to know on Friday, April 26: The Japanese Yen stays under bearish pressure and trades at its weakest level in over three decades against the US Dollar following the Bank of Japan's decision to leave the monetary policy settings unchanged. Later in the day, the US Bureau of Economic Analysis will release the Personal Consumption Expenditures Price Index data, the Federal Reserve's preferred gauge of inflation, for March.
policymakers use the annual Core PCE Price Index, which excludes volatile food and energy prices, as their primary gauge of inflation. A stronger-than-expected reading could help the USD outperform its rivals as it would hint at a possible hawkish shift in the Fed’s forward guidance and vice versa.
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