The USD/JPY pair kicks off the new week on a subdued note and oscillates in a narrow trading band around mid-146.00s through the Asian session, just b
The US Dollar consolidates its recent strong gains to a nearly three-month high and remains supported by Federal Reserve Chair Jerome Powell's hawkish remarks, which, in turn, is seen acting as a tailwind for the USD/JPY pair.
In contrast, the Bank of Japan Governor Kazuo Ueda said that the underlying inflation in Japan remains a bit below the 2% target and the central bank will stick to current ultra-easy monetary policy settings. Ueda added that inflation is expected to decline from here. This comes after data released on Friday showed that consumer prices in Tokyo – Japan's capital city – grew at a slower-than-expected pace in August and ensured that the BoJ may keep the status quo until next summer.
Nevertheless, the aforementioned fundamental backdrop suggests that the path of least resistance for spot prices is to the upside. Hence, any meaningful corrective decline might still be seen as a buying opportunity and is more likely to remain cushioned. Moving ahead, there isn't any relevant market-moving economic data due for release from the US on Monday, leaving the USD at the mercy of the US bond yields.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Lionel Messi questionable to play in highly anticipated Red Bulls matchupAs Inter Miami CF gets ready to play the Red Bulls this weekend, it’s up in the air if Lionel Messi will actually touch the field.
Consulte Mais informação »
All eyes on Lionel Messi as Miami meets Red BullsTicket prices are soaring in Harrison, N.J., and not because the New York Red Bulls are inching closer in the Eastern Conference playoff race.
Consulte Mais informação »
Lionel Messi gives Red Bulls chance to grow presence on global scale: ‘Opening the door’Saturday night’s match between the Red Bulls and Lionel Messi-led Inter Miami will be more than just your run-of-the-mill soccer match.
Consulte Mais informação »
Lionel Messi will not start against Red Bulls, MLS debut with Inter Miami could be delayedLionel Messi was not included in Inter Miami's starting XI against the New York Red Bulls.
Consulte Mais informação »
Lionel Messi not in Inter Miami’s starting lineup for Red Bulls matchupInter Miami was 5-14-3 before Messi arrived last month.
Consulte Mais informação »