The USD/JPY pair gained bullish momentum, breaking out of a week-long range with a strong rally led by the US dollar's performance and positive economic data.
Investors are currently awaiting comments from Federal Reserve officials, with market expectations fluctuating on the likelihood of a rate cut, creating uncertainty.
The divergent monetary policies of the Federal Reserve and the Bank of Japan play a crucial role in the USD/JPY fluctuations, especially around the critical 150 resistance level.
Despite a slight increase in wages, Japanese consumer behavior remains cautious, as indicated by a decline in annual spending, impacting monetary policy discussions.
Collection
[
|
...
]