The USD/JPY pair trades in a calm manner around 145.00 during European trading hours on Wednesday (6/11). The pair is oscillating in a tight range, as investors await the US Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.
Ahead of the US inflation data, the US Dollar Index (DXY) is fluctuating around 99.00.
Investors will be watching the US inflation data as it will influence market expectations on the Federal Reserve's (Fed) monetary policy outlook. As measured by the CPI, headline inflation is expected to grow at a faster pace of 2.5% annually, compared to 2.3% in April. The core CPI is also expected to rise to 2.9% year-on-year from the previous reading of 2.8%.
Inflation will show whether the new economic policies announced by US President Donald Trump are pushing up price pressures, assuming that the impact of higher tariffs imposed by Washington will be borne by domestic importers who will pass on the impact to households.
Meanwhile, trade tensions between the US and China appear to have eased after a two-day meeting in London. US Commerce Secretary Howard Lutnick expressed confidence after the meeting that China would lift export restrictions on "rare earths".
On the Tokyo side, investors are doubtful whether the Bank of Japan (BoJ) will raise interest rates again this year. A Reuters poll from June 2-10 showed that most economists expect the BoJ to keep interest rates steady at 0.5% by the end of the year and raise them as early as 2026. (alg)
Source: Fxstreet
The Japanese yen weakened to near 158.5 per dollar on Thursday, amid market concerns over the worsening fiscal outlook. The Bank of Japan (BOJ) began a two-day policy meeting, and traders remained war...
The USD/JPY pair weakened in Asian trading on Monday, hovering around 156.20 and briefly approaching 156.00. This weakening occurred after the Japanese Yen (JPY) strengthened, following signals from t...
The Japanese yen is the worst-performing major currency against the US dollar throughout 2025, despite the Bank of Japan (BOJ) raising interest rates. Even with further tightening measures, the yen co...
The Japanese yen weakened slightly during the Asian session on Wednesday, as investors remained cautious while awaiting the Bank of Japan (BoJ) policy update. Market focus now turns to the two-day BoJ...
The USD/JPY pair weakened to around 155.10 at the start of the Asian session on Tuesday. The yen strengthened slowly as markets became increasingly confident that the Bank of Japan (BoJ) would raise i...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...