USD/JPY climbs to three-week high as Yen shrugs off hot CPI, Fed signals steady policy path
Japanese Yen weakens further despite stronger domestic inflation prints. USD/JPY trades near 146.00, set for a weekly gain of around 1.20%. Fed’s Monetary Policy Report maintains cautious tone, eyeing gradual easing. BoJ Governor Ueda says more rate hikes likely if economy stays on track for 2% inflation target. The Japanese Yen (JPY) remains under pressure … Read more