- USD/JPY remains supported above 144.00 because US-China commercial talks remain in the spotlight.
- Governor of the Bank of Japan Kazuo Ueda Hawkish Tilt limits the weakness of Jenów.
- The American dollar becomes before Wednesday’s data of inflation in the US, which could contribute to the FED plants.
Japan Japan (JPY) is set on Tuesday compared to the American dollar (USD), and the USD/JPY pair rises above 144.00 in relatively subdued trade.
Because markets focus on commercial negotiations in the USA and China and wider risk moods, USD/JPY remains sensitive to changes in both geopolitical development and the expectations of the interest rate.
While commercial conversations in London seem to make progress, more hawk tons from the Bank of Japan (Bij) helped limit the decline in yen.
On Tuesday, the Governor of BOJ, Kazuo Ueda, said that inflation still has a way to make a balanced achievement of the destination. Ueda stated that “we will raise interest rates if we have sufficient certainty that inflation underlying 2% or moves by about 2%.”
Market participants interpreted these comments as a reduction of the likelihood of an upcoming interest augment.
On Wednesday, the next basic catalyst in the American economic calendar will be the issue of the consumer price indicator (CPI) to May. The expectations apply to CPI US header will augment by 0.2% every month. Inflation is expected to augment to 2.5% of the installment, from 2.3% in April.
It is expected that the basic CPI, which excludes food and energy prices, shows an augment in Mam by 0.3% compared to 0.2% in April. It is also estimated that the number of Yoy reflects an augment of 0.1%, increases to 2.9% compared to 2.8% in April.
Havenly, than the expected print can re -ignite the USD force, strengthening the expectations regarding the suspension of the federal reserve rate (FED), while a more supple number can burden the green place.
The price of the American dollar today
The table below shows a percentage change in the US dollar (USD) compared to the main essential currencies. The American dollar was the strongest in relation to the British pound.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.08% | 0.18% | 0.12% | -0.20% | -0.20% | -0.09% | -0.04% | |
| EUR | 0.08% | 0.27% | 0.20% | -0.09% | -0.11% | -0.01% | 0.05% | |
| GBP | -0.18% | -0.27% | -0.16% | -0.36% | -0.37% | -0.27% | -0.21% | |
| JPy | -0.12% | -0.20% | 0.16% | -0.29% | -0.35% | -0.29% | -0.24% | |
| BOOR | 0.20% | 0.09% | 0.36% | 0.29% | -0.01% | 0.09% | 0.16% | |
| Aud | 0.20% | 0.11% | 0.37% | 0.35% | 0.01% | 0.12% | 0.16% | |
| NZD | 0.09% | 0.00% | 0.27% | 0.29% | -0.09% | -0.12% | 0.06% | |
| CHF | 0.04% | -0.05% | 0.21% | 0.24% | -0.16% | -0.16% | -0.06% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose an American dollar on the left column and move along the horizontal line to Japanese Jen, the percentage shift displayed in the field will represent USD (base)/JPy (quote).
