- January 9, 2023
- Posted by: Stratford Team
- Category: Economy
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- USD/JPY is aiming to shift its auction below 132.00 after further sell-off in the US Dollar Index.
- Fed Evans supports raising the policy rate by 25 basis points at the Fed’s next gathering.
- Japan’s PM Kishida is interested in laying the groundwork for an exit from the BoJ’s loose monetary policy.
The USD/JPY pair surrendered the immediate cushion of 132.00 in the early Asian session. The major is likely to shift its auction profile below 132.00 amid sheer volatility in the US Dollar Index (DXY). Trading action could be lower in USD/JPY on Monday as Japanese markets are closed on account of Coming of Age Day.
The risk appetite of the market participants has improved further as the S&P500 futures have extended their upside journey in early trade on Monday. Also, the US Dollar Index (DXY) is sensing more offers after a less-hawkish commentary from Chicago Federal Reserve (Fed) President Evans. The USD Index has extended its…
