USDJPY treading water near 148.60 as investors sniff out US inflation figures
The US Dollar held mostly flat against the Japanese Yen on Tuesday with a little bit of wiggle, and the USD/JPY pair is headed into the Wednesday market session trading near 148.60. Markets are set to turn their eyes to US inflation figures due today and Thursday.
The positive risk sentiment in the midst of the Middle-East conflict may exert pressure on the safe-haven Japanese Yen (JPY), emerging as a significant factor offering support to the USD/JPY pair.
Early on Saturday, Hamas initiated an assault on Israel using land, air, and sea forces. In retaliation, the Israeli army has commenced a forceful response in Gaza, marking the region's most intense military conflict to date.
The Bank of Japan (BoJ) is reportedly contemplating an upward revision of the fiscal year (FY) 2023/24 core Consumer Price Index (CPI) estimate to approximately 3%, as compared to the 2.5% forecast made in July, reported by the Kyodo news agency on Tuesday.
The US Dollar held mostly flat against the Japanese Yen on Tuesday with a little bit of wiggle, and the USD/JPY pair is headed into the Wednesday market session trading near 148.60. Markets are set to turn their eyes to US inflation figures due today and Thursday.
The positive risk sentiment in the midst of the Middle-East conflict may exert pressure on the safe-haven Japanese Yen (JPY), emerging as a significant factor offering support to the USD/JPY pair.
Early on Saturday, Hamas initiated an assault on Israel using land, air, and sea forces. In retaliation, the Israeli army has commenced a forceful response in Gaza, marking the region's most intense military conflict to date.
The Bank of Japan (BoJ) is reportedly contemplating an upward revision of the fiscal year (FY) 2023/24 core Consumer Price Index (CPI) estimate to approximately 3%, as compared to the 2.5% forecast made in July, reported by the Kyodo news agency on Tuesday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.