The USD/JPY pair moved lower near 151.90 during the North American session on Wednesday (2/19). The asset moved lower despite the US Dollar (USD) trading higher, with the US Dollar Index (DXY) rising near 107.20.
The greenback strengthened as market sentiment turned slightly cautious following US President Donald Trump's tariff threats. On Tuesday, Donald Trump threatened to impose a 25% tariff on foreign imports of cars, pharmaceuticals, and semiconductors. Trump did not provide a timeframe for allowing local manufacturers to increase operating capacity.
Market participants expect Germany, Japan, South Korea, Taiwan, and India to be the main victims of Trump's latest tariff threats.
In the meantime, investors await the minutes of the Federal Open Market Committee (FOMC) for its January meeting, which will be published at 19:00 GMT. At its January meeting, the Fed announced a pause in its monetary expansion cycle after cutting interest rates by 100 basis points (bps) in the last three meetings of 2024. Fed Chairman Jerome Powell has suggested that monetary policy adjustments would be appropriate when officials see "a marked improvement in inflation or at least some weakness in the labor market."
On the Japanese side, market participants will focus on January's National Consumer Price Index (CPI) data, due on Thursday. Economists expect the National CPI excluding Fresh Food to rise to 3.1% from 3% in December. Strong inflation data will boost market expectations that the Bank of Japan (BOJ) will raise interest rates again this year. (Newsmaker23)
Source: FXstreet
The Japanese Yen (JPY) kicks off the new week on a softer note as the latest optimism over a trade deal between the US and the European Union (EU) undermines traditional safe-haven assets. Furthermore...
The Japanese yen slipped to around 147.5 per dollar on Friday, marking its second consecutive day of losses as markets digested the implications of the new US-Japan trade agreement. The deal imposes a...
The Japanese yen strengthened past 146 per dollar on Thursday, reaching a two-week high as optimism surrounding the new US-Japan trade deal lifted demand. The agreement sets a 15% tariff on Japanese e...
The Japanese yen held its recent advance to around 146.5 per dollar on Wednesday, hovering at a near two-week high following news of a trade agreement between the US and Japan. The deal, announced by ...
The Japanese yen hovered around 147.5 per dollar on Tuesday after gaining about 1% in the previous session, as investors continued to digest the weekend's election outcome. While the ruling coalition...
The U.S. central bank, to President Donald Trump's chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that's not to say there won't be a vigorous debate, with one if not two Federal Reserve governors possibly...
The US Dollar (USD) starts the week on a firmer note, extending its modest recovery since Thursday, as easing global trade tensions lift investor sentiment. Interestingly, the Greenback, which typically underperforms in a risk-on environment, is...
Gold is trading in a narrow range on Monday, as economic data, easing trade tensions, and the fragility of the US Dollar continue to influence price action. At the time of writing, Gold is trading near $3,310 per ounce, down from earlier highs...
The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq...
European governments and companies reacted with a mix of relief and concern on Monday (July 28th) to the framework trade agreement reached with US...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President...
Major bourses in Europe were higher on Monday, with the STOXX 50 adding 1.3% and the STOXX 600 gaining 1%, after the US and European Union reached a...