While the USD/JPY reacts to comments made by Fed Chair Powell, the bottom appears to be firm.
The IMF commends the Bank of Canada’s resumption of interest rate hikes.
New York Fed chief’s comments closely watched
Bank of Canada unlikely to raise rates or cut rates this year
Dollar Buying Dominant on U.S. Economic Indicators
1 dollar = 130 yen 60-70 sen Widening interest rate differential between Japan and the US
The yen exchange rate fell in the Tokyo foreign exchange market.
Watch out for unstable movements in the Japanese market.
JPY cross pair jumps 200+ pips
Watch Today’s Bank of Japan Policy Decisions
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