...

USDJPY Continues to Rise, Tracking Higher US Yields to About 156.50

Facebook
Twitter
LinkedIn
Reddit
Tumblr
USDJPY Continues to Rise, Tracking Higher US Yields to About 156.50

Despite the remarks made by Japan’s Finance Minister Shunichi Suzuki, the USD/JPY is maintaining its earlier gains and is testing 156.50. The US dollar and US Treasury bond yields have increased, and the Fed has taken a more cautious approach to policy and inflation, which has kept the pair sustained.

The EUR/USD pair continues to rise, reaching 156.00 during Friday’s European trading session. Despite an anticipated drop in the US Consumer Price Index (CPI) data for April, the Federal Reserve (Fed) disregarded predictions of rate cuts, which caused the US Dollar to surge sharply and boost the asset.

EUR/USD

According to the statement released by Fed policymakers on Thursday, a single decrease in consumer price inflation is enough to signal a shift in the general trend. John Williams, the president of the New York Fed Bank, stated that he does not currently see any economic indicators indicating the need to alter monetary policy. Williams stated, “In the very near term, I don’t expect to get that greater confidence that we need to see on inflation progress towards a 2% goal,” in response to a question regarding the inflation outlook, according to Reuters.

The US dollar and bond yields are benefiting from the Fed’s restrictive interest rate policy for an extended length of time. The US Dollar Index (DXY) increased to 104.70, tracking the value of the US dollar relative to six major world currencies. The US Treasury 10-year yield is at 4.39%.

As for the Fed lowering interest rates starting with the September meeting, that rumor is still very much alive. According to the CME FedWatch tool, there is a 68% chance that interest rates will drop from their current levels in September. This is a decrease from the 73% chance that was observed following the announcement of the weaker inflation data.

On the Japanese front, the Bank of Japan (BoJ) is facing new difficulties in pursuing its goal of tightening monetary policy as a result of the disappointing GDP figures for the first quarter. The 0.4% prediction for the Japanese economy’s contraction was exceeded by a 0.5% contraction.

MAJOR Listing Date and Estimated Price For 2024 and 2030

Based on the pre-market information shown in the graphic, the MAJOR token has a total quantity of 10 billion tokens and is currently trading at $0.0155. As the project enters

Massive Backlash Against Hamster Kombat Due to Unfair Airdrop

Despite spending a lot of time and energy on the game and being informed at first that keys were not important, players are furious that they are being called cheaters

Trade With A Regulated Broker

M4Markets founders are people who are not just traders themselves, but people who have been in the finance sector for so long that they bring with them a wealth of valuable knowledge.

BlackBull Markets offers the full MetaTrader suite (MetaTrader 4 and MetaTrader 5) alongside multiple social copy trading platforms and a web app powered by TradingView.

Online trading on Exness‘ powerful trading platform with better-than-market conditions on the world’s financial markets and trading .

AvaTrade, we offer a wide variety of platforms for traders of all levels! Be empowered to trade CFDs on FX, Stocks, Commodities, Crypto, Indices.

Being an international broker and working with clients from different countries we understand that every person is unique in his values, no matter whether a trader or a partner.

For more than 13 years, they’ve purpose-built their platform and services to help you trade seamlessly and better capitalize on market opportunities.

Gate.io is the best exchange app. The interface is simple to operate and the customer service is quick. Some interesting activities and benefits are often presented!

FP Markets has developed a proud reputation as a Forex broker. In Australia, the company operates under an Australian Financial Services

Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.