USD/JPY falls back as the US Dollar gains on the Fed’s support for a restrictive policy stance.
US President Trump’s tariff policies are expected to boost US inflation and weigh on economic growth.
Japan’s National CPI cooled down in February.
The USD/JPY pair gives up entire intraday gains after facing selling pressure around 149.60 and drops to near 148.60 during North American trading hours on Friday. The asset drops as the US Dollar (USD) gains, with the US Dollar Index (DXY) rising to near 104.00.
The Greenback attracts bids as the Federal Reserve (Fed) is unlikely to cut interest rates in the near term. On Wednesday, Fed Chair Jerome Powell stated that they are not in a hurry to cut interest rates amid “unusually elevated” uncertainty over the United States (US) economic outlook under the leadership of President Donald Trump. Powell also warned that Trump’s tariff policy tends to push growth lower and inflation higher.
US President Trump’s tariff policies are expected to boost US inflation and weigh on economic growth.
Japan’s National CPI cooled down in February.
The USD/JPY pair gives up entire intraday gains after facing selling pressure around 149.60 and drops to near 148.60 during North American trading hours on Friday. The asset drops as the US Dollar (USD) gains, with the US Dollar Index (DXY) rising to near 104.00.
The Greenback attracts bids as the Federal Reserve (Fed) is unlikely to cut interest rates in the near term. On Wednesday, Fed Chair Jerome Powell stated that they are not in a hurry to cut interest rates amid “unusually elevated” uncertainty over the United States (US) economic outlook under the leadership of President Donald Trump. Powell also warned that Trump’s tariff policy tends to push growth lower and inflation higher.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.