USD/JPY hits two-week high on solid US Data, improved US debt ceiling talks USDJPY Currencies Majors
n addition, an improvement in US debt ceiling negotiations between the White House and the US Congress keeps the US Dollar rising. Therefore, the USD/JPY is trading at 137.49 after hitting a daily low of 136.30.US equities portray an upbeat sentiment in the financial markets, to the detriment of safe-haven peers, like the Japanese Yen . The, as April’s Building Permits dropped to -1.5%, better than the expected -3% plunge, as permits improved from 1.437M to 1.416M.
Therefore, traders had begun to slash their bets of three rate cuts by the US Federal Reserve in 2023 amidst the ongoing hawkish rhetoric by some officials. Loretta Mester, Thomas Barkin, andcontinued to push back against rate cuts, though the latter has moderated its stance. On the dovish front, Aaron Golsbee and Lorie Logan took a cautious stance but emphasized that no rate cuts are expected in 2023.
The US debt ceiling theme continues to grab USD/JPY traders’ attention, though a negotiation improvement calmed investors’ nerves. The US House Speaker McCarthy stated the two sides remain apart. Nevertheless, he acknowledged that a deal could be done by the week’s end. Wall Street cheered Tuesday’s results, as the three major indices posted gains above the 0.30% threshold.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
USD/JPY looks to build on bullish move beyond 137.00, 200 DMA on stronger USDThe USD/JPY pair scales higher for the fifth successive day on Wednesday and climbs to over a two-week high during the early European session. Spot pr
Les mer »
USD/JPY Price Analysis: Bears eye a run to 135.50Despite being broadly softer at the start of the week across a basket of currencies, the US Dollar was up 0.24% against the Yen in midday trade on Wal
Les mer »
US Treasury Secretary Yellen: Treasury’s borrowing costs had already increased for early JuneUS Treasury Secretary Yellen: Treasury’s borrowing costs had already increased for early June – by anilpanchal7 UnitedStates Politics FiscalPolicy NewsTrading RiskAppetite
Les mer »
USD/JPY skids below 136.00 as investors anticipate a pause in Fed’s policy-tightening spellUSD/JPY skids below 136.00 as investors anticipate a pause in Fed’s policy-tightening spell – by Sagar_Dua24 USDJPY BOJ Fed Inflation DollarIndex
Les mer »
USD/JPY Price Analysis: Snaps two-day uptrned near 136.00 on breaking immediate supportUSD/JPY Price Analysis: Snaps two-day uptrned near 136.00 on breaking immediate support USDJPY Technical Analysis SwingTrading ChartPatterns SupportResistance
Les mer »
USD/JPY slides further below 136.00 mark, downside potential seems limitedThe USD/JPY pair comes under some selling pressure on Tuesday and for now, seems to have snapped a three-day winning streak to a one-and-half-week hig
Les mer »