USD/JPY Price Trends Higher Despite Fed and BOJ Differences

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Mixed Factors are affecting the JPY, and at the same time propelling the USD/JPY. Also, this is happening while there was only a moderate request for the USD. The sudden increase in the United States Treasury bond production increases the Japan – United States differential. Consequently, this has burdened the Japanese Yen. Also, a huge difference in monetary policy between the two countries is assisting the major.

The Bank of Japan reiterated that it will keep adopting very mild monetary policies. While on the other hand, the Fed released hawkish remarks and this hints that the United States central bank will keep tightening its monetary policies. Furthermore, Fed Officials supported an increase in interest rates.

USD/JPY Price Is Advancing to Higher Levels Despite Fed and BOJ Differences

Economic Data Affecting USD/JPY Price

Having said that, indications of reducing inflation in the United States have caused investors to reduce their prediction of a 75 Fed rate increase, come September policy Gathering. The United States Consumer Price Index which was published on Wednesday showed that Consumer prices remains the same last month. Consequently, for the first time in 24 months, this is telling that inflation might have reached its highest. Furthermore, this increases the uncertainty concerning the portion of the coming rate increase by the Fed. This consequently influences the USD/JPY price

However, the United States Central Bank is anticipated to increase its standard interest rate by 50 basis points at the least, by next month. Also, the emergence of new buying on Thursday aids possible short-term increasing moves for USD/JPY. Traders are monitoring the preparatory Michigan United States Consumer Index and the United States yield. This will provide some direction to the major.

You can purchase Lucky Block here. Buy LBLOCK

 

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *