The USD/JPY pair trades on a weaker note near 153.00 after retreating from the highest level since July 1990, nearly 153.24, on Thursday during the early Asian session.
USD/JPY trades softer to 153.00 after reaching the July 1990 tops on Thursday. The US CPI inflation rose more than expected in March, triggering the Fed to delay rate cuts this year. The potential FX intervention from the BoJ might provide some support to the JPY. The uptick of the pair is supported by the upbeat US Consumer Price Index data for March, which triggered investors to scale back bets on US interest rate cuts this year. The US CPI inflation rose more than expected in March.
Additionally, Minutes of the last Fed meeting suggested that participants were worried about the persistence of elevated inflation and the recent data did not help the US central bank to gain confidence that inflation moved sustainably towards the 2% target. The officials emphasized the need to keep interest rates higher for longer, which boosts the Greenback and acts as a tailwind for the USD/JPY pair.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asia FX falls, USDJPY at 1990 highs as dollar strengthensAsia FX falls, USDJPY at 1990 highs as dollar strengthens
Weiterlesen »
Asian stocks tread water, Nikkei rebounds as yen hits 1990 lowsAsian stocks tread water, Nikkei rebounds as yen hits 1990 lows
Weiterlesen »
1990 Honda Accord EX Is the Start of Something BigHonda runs one up the middle.
Weiterlesen »
1990 Lincoln Town Car Signature Series: A Smoother RelicLincoln's redesigned Town Car combines modern looks with a driving experience straight out of 1975.
Weiterlesen »
1990: Year of the Failed ‘80s Movie Sitcom AdaptationThe 1990-1991 TV season saw a bizarre trend in popular '80s movies being adapted as sitcoms, including Ferris Bueller, Uncle Buck and more.
Weiterlesen »
Every Best Picture Winner (Since 1990) RankedWhat do we think about what the Oscars thought was the best movie of the year? Here's every Best Picture winner (since 1990) ranked:
Weiterlesen »