USD/JPY is down from an 11-month high near 149.50
Updated
During the Asian session on Thursday, the USD/JPY pair experienced a slight decline from its November highs and was trading around 149.40 with a positive bias. The market is currently cautious due to concerns about the US Federal Reserve's interest rate trajectory, as well as higher US Treasury yields and economic data.
Despite a decrease in consumer confidence in September, the US Dollar Index (DXY) managed to rise near 106.30. According to the US Conference Board's report on Tuesday, consumer confidence across all age groups in the United States has declined. In September, sentiment data dropped from 108.7 in August to 103.0. Households are expressing worries about consumer inflation, political uncertainty, and increased interest rates
Despite a decrease in consumer confidence in September, the US Dollar Index (DXY) managed to rise near 106.30. According to the US Conference Board's report on Tuesday, consumer confidence across all age groups in the United States has declined. In September, sentiment data dropped from 108.7 in August to 103.0. Households are expressing worries about consumer inflation, political uncertainty, and increased interest rates
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