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.