USD/JPY: Bullish Case Eroding as US Economic Data Disappoints on Nostr: Japanese Yen weakens as US Dollar strengthens on hawkish Fed =============== ...

Japanese Yen weakens as US Dollar strengthens on hawkish Fed
===============
#e140b6a8 ver:0.49

The Japanese Yen weakens against the US Dollar as the Fed's hawkish stance strengthens the USD/JPY pair. Yen weakness continues, approaching key resistance at 150-152.00. The Bank of Japan maintains accommodative financial conditions, but negative rates may be phased out. US and UK CPI data could impact FX trends. The outlook for USD/JPY depends on US interest rate recalibration and risk sentiment. Technical analysis suggests signs of exhaustion and potential consolidation or modest downside. The Japanese economy contracted in Q1 2024, impacting expectations of a BoJ rate hike. JGB market anticipates a potential Q2 recovery, while the JPY weakens against the USD due to interest rate differentials. The USD/JPY pair could retest the upper boundary of the ascending triangle. #USDJPY #forex #FX #economy...

#newstr #JapaneseYen #UsDollar #FederalReserve #InterestRates

https://here.news/story/e140b6a8?ver=0.49