The USD/JPY climbed during the North American session and remains above the 153.00 figure despite Japanese authorities jawboning on excessive Japanese Yen (JPY) movements.
USD/JPY edges up to 153.22, lifted by inflation reports and rising DXY. US PPI data indicates slower inflation growth yet fails to dampen the bullish momentum for the US Dollar. Fed officials express disappointment in inflation trends, highlighting ongoing economic challenges. The USD/JPY climbed during the North American session and remains above the 153.00 figure despite Japanese authorities jawboning on excessive Japanese Yen movements.
Also, US Treasury yields on Wednesday, climbed more than 20 basis points along the whole yield curve, boosting the prospects of the American currency. In the meantime, Federal Reserve officials continued to cross the wires. New York Fed President John Williams commented that recent inflation data has been disappointing, adding that the economic outlook is uncertain.
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