The USD/JPY remains subdued early in the North American session as traders brace for the US Federal Reserve’s monetary policy decision. Also, risks of
decision. Also, risks of an intervention by Japanese authorities in the Forex markets refrain buyers from opening fresh positions. At the time of writing, the pair exchanges hands at 147.75 after printing a new year-to-date high of 148.16USD/JPY price action remains flat, with traders waiting for Fed Chairand Co. The markets expect a hawkish hold by the Fed, though the Greenback remains pressured, as shown by the US Dollar Index at 104.82, dropping 0.36%.
Besides delivering its rate decision, the Fed would update its economic projections for the rest of the year and 2024 and 2025. Investors must be keen to scrutinize their economic forecasts, which could add more volatility besides the headline. Downward revisions for the Federal Fund Rates could be seen as a dovish reaction by the central bank.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD/JPY hovers near yearly highs as investors await Fed and BoJ decisionsThe USD/JPY remains subdued as Tuesday’s session begins, ahead of the US Federal Reserve’s decision on Wednesday, in which the US central bank is expe
Weiterlesen »
USD/JPY retraces recent losses around 147.70, focus on central banks policy decisionsUSD/JPY recovers from the losses registered on the previous day, trading higher around 147.70 during the Asian session on Tuesday. The pair is experie
Weiterlesen »
USD/JPY declines as the USD consolidates ahead of the Fed meetingAt the start of the week, the USD/JPY saw some losses and declined to 147.70, mainly driven by the USD trading somewhat weak against its rivals. Both
Weiterlesen »
USD/JPY may continue to trade higherUSD/JPY resumed its rise last week. Economists at OCBC Bank analyze the pair’s outlook. USD/JPY to trade lower beyond the near term With no imminent B
Weiterlesen »
USD/JPY remains confined in a range below YTD top; awaits crucial Fed, BoJ policy meetingsThe USD/JPY pair attracts some dip-buying on Tuesday, albeit struggles to capitalize on the modest uptick and remains below its highest level since No
Weiterlesen »
USD/JPY: Upward momentum alleviated below 146.85USD/JPY could see its upside bias mitigated on a breach of the 146.85 level, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser
Weiterlesen »