USD/JPY Analysis USD/JPY edges higher after uptick in US CPI reinforces ‘higher for longer’ narrative Fed forecasts in focus as markets look for confirmation on peak rates and CPI forecasts IG client sentiment hints at bullish fatigue as recent positioning data reveals a change in course The analysis in this article makes use of chart
Amidst fluctuating global currencies, MUFG delves into the potential for verbal intervention from Japanese officials, especially as the Jackson Hole Symposium approaches, which may carry significant implications from Chairman Powell’s stance. Key Observations: USD/JPY Surge: There’s been a noteworthy increase in the USD/JPY rate since the Bank of Japan’s (BoJ) policy meeting in July. This
