USD/JPY flirts with 11-month top at 149.00

Updated
Brian greets you all! Today, USD JPY continues to trade at a high level, reaching the milestone of 149.14.

As widely predicted in the market, the Federal Reserve (Fed) has chosen to maintain interest rates in the range of 5.25-5.50% during its meeting on Wednesday. This decision provides an opportunity for USD JPY to continue shining. However, Fed Chairman Jerome Powell, in a subsequent press conference, reiterated the Fed's commitment to achieving the 2% inflation target. Powell also mentioned that the Fed is prepared to raise interest rates if deemed necessary, posing a new challenge for USD JPY and requiring careful movements in this currency pair.
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good luck
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Japan Finance Min Suzuki said Japan is at a critical stage whether to spur consumption, wage growth; Reiterated excessive FX moves are not desirable, watching FX moves with a high sense of urgency.
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