The USD/JPY pair holds above the 151.00 mark during the early Asian session on Friday.
USD/JPY trades in positive territory for the fifth consecutive day on Friday. Federal Reserve Chair Powell said they are not confident that they have achieved a sufficiently restrictive policy. Bank of Japan Governor Ueda said they will exit the ultra-loose monetary policy with caution to avoid major volatility. Market players await the US University of Michigan Consumer Sentiment Survey on Friday. The higher US dollar and US Treasury bond yields lend some support to the pair.
The preliminary University of Michigan consumer sentiment data for November is expected to grow by 63.7. On the Japanese Yen front, the Bank of Japan maintains its dovish stance despite the aggressive tightening policy from the major central banks. On Thursday, BoJ Governor Kazuo Ueda said the central bank will exit the ultra-loose monetary policy with caution to avoid triggering significant volatility in the bond market.
USD/JPY Positive Territory Federal Reserve Bank Of Japan Monetary Policy Volatility US University Of Michigan Consumer Sentiment Surv Asian Session US Dollar US Treasury Bond Yields
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