#usdjpy

#usdjpy

In relatively calm Asian trading, the USD/JPY pair is hovering around 147.95 after retreating to 147.60- a decline that was less surprising than it was a reflection of the intersection between two opposing monetary policy paths in the United States and Japan. On the one hand, the U.S. Federal Reserve, led by Jerome Powell, sent clear signals that the slowdown in the labour market has become a higher priority than persistent inflation, which was reflected in a rate cut last week.

The USD/JPY pair is moving on a volatile path, reflecting the uncertainty that dominates global markets. The pair managed twice to approach the 149.00 level during Wednesday's trading, even briefly reaching its highest level in five weeks at 149.14, but it failed to break above the 200-day EMA near 148.22. This reveals a lack of momentum, as traders await the pivotal U.S. economic data scheduled for release this week.