$USDJPY Trend is Supporting Record Levels
Enter your emailThe recent profit-taking sell-offs, especially after the US Federal Reserve’s recent announcement, the price of the USD/JPY currency pair did not come out of the general upward trend.
While the current easing policy is accelerating the weakening of the Japanese yen, which has increased the costs of commodities such as food and energy, Kishida said the government should take measures to stem the price hike. For its part, the Federal Reserve raised US interest rates by 75 basis points, the largest increase since 1994 and Governor Jerome Powell signaled another big move next month, intensifying the battle to contain rampant inflation. Powell and colleagues recently criticized their efforts to cool prices by raising the target range for the federal funds rate to 1.5 percent to 1.
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