The USD/JPY pair delivers a slight corrective move in Thursday’s New York session after posting a fresh multi-decade high at 160.87.
USD/JPY corrects modestly from multi-decade highs as fears of Japan’s intervention deepen. The BoE will likely reduce the amount of bond-buying in upcoming policy meetings. US Durable Goods Orders unexpectedly grew by 0.1% in May. The pair falls slightly as fears of Japan’s intervention have intensified to cushion the weak Japanese Yen. Sheer weakness in the Yen is resulting in higher exports and a sharp increase in import costs, which is boosting inflationary pressures.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY: The pair could test 161.00The US Dollar (USD) could test 161.00 first before levelling off.
Read more »
161 New Movies and Shows To Watch This Month on HuluMichael Thomas is a TV Editor for Collider who focuses on animation. Mike&039;s previous experience includes being a judge for the 2024 Anime Awards.
Read more »
MicroStrategy's Michael Saylor Makes Bitcoin 'Satoshi' Statement: DetailsBitcoin trading at $69,711, up almost 161% yearly
Read more »
‘Overall, just a bad day at the office’: U.S. Women’s Open favorite Nelly Korda shoots 80 on opening roundKorda recorded a 10 at the 161-yard par-3 12th
Read more »
USD/JPY Testing Multi-Week Highs, Will the BoJ Wait Until the End of July?USD/JPY is re-testing levels last seen in late-April on a combination of USD strength and Yen weakness. Will the BoJ intervene before the next central bank policy meeting?
Read more »
USD/JPY Price Analysis: Rises above 157.00 as US yields underpin the pairThe USD/JPY climbed for the second straight day, up 0.27% after hitting a daily low of 156.81, as US Treasury bond yields climbed six basis points on speculation that the Federal Reserve will keep interest rates unchanged.
Read more »