USD/JPY Forecast: Economic Indicators Shift Focus to BoJ’s Monetary Policy
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#7b7dea38 ver:0.13

The USD/JPY pair is drifting lower as focus shifts to the Bank of Japan's monetary policy. The divergence in policy stances between the BoJ and the Fed has led to speculation of possible intervention. Upbeat retail sales data from Japan has provided some support for the JPY. Traders are now looking to US economic data, particularly the PCE Price Index, for fresh impetus. The dollar is trading at a 38-year high against the yen, but concerns about a weak yen's impact on the Japanese economy could influence intervention decisions. Short-term forecast for USD/JPY is bearish. #USDJPY #BoJ #monetarypolicy #inflation...

#newstr #Usd/jpy #Boj #MonetaryPolicy #ConsumerConfidence #Tankan #ServicesPmi #HouseholdSpending #Intervention #EconomicData #IsmManufacturingPmi 

 https://here.news/story/7b7dea38?ver=0.13