Japanese Yen falls as US inflation boosts Fed hike odds, Trump-Xi talks in focus
USD/JPY trades around 157.80 on Wednesday at the time of writing, up 0.13% on the day, as the US Dollar (USD) continues to benefit from renewed hawkish expectations surrounding the Federal Reserve’s (Fed) monetary policy outlook.
The Japanese Yen is likely to continue weakening against the US Dollar as hawkish Fed expectations persist. This may push USD/JPY higher in the short term.
USD/JPY trades around 157.80 on Wednesday at the time of writing, up 0.13% on the day, as the US Dollar (USD) continues to benefit from renewed hawkish expectations surrounding the Federal Reserve’s (Fed) monetary policy outlook.
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