The US Dollar Index gained more than 0.5% on Thursday and retraced the post-Fed decline. Early Friday, the USD Index continues to push higher and was last seen trading at its highest level in three weeks above 104.00. Later in the day, Federal Reserve Chairman Jerome Powell will deliver opening remarks at the Fed Listens event. Several other Fed policymakers are scheduled to deliver speeches ahead of the weekend as well.
The pair continues to stretch lower early Friday and trades below 1.0850. USD/JPY closed the eighth consecutive day in positive territory on Thursday before staging a technical correction toward the 151.50 area on Friday.Bank of Japan Governor Kazuo Ueda reiterated on Friday that the central bank’s Japanese government bond holdings will remain at current levels for the time being. Japanese Yen sticks to modest intraday gains against USD, upside potential seems limited.
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