The USD/JPY pair discovered interim support near 149.50 after correcting from the crucial resistance of 150.00 in the European session. The asset find
USD/JPY discovers an interim support near 149.50 after recovery in the US Dollar. Economists expect that the US economy grew by 4.2% in the third quarter of 2023. The BoJ announced that it will conduct an unscheduled bond operation on Wednesday. s bids after the US Dollar recovered strongly from 105.40 as the focus shifts to a string of United States economic readings, which will be released this week.
Meanwhile, investors await the speech from Fed Chair Jerome Powell, which is scheduled for Wednesday. Jerome Powell is expected to reiterate the need to keep interest rates unchanged in the 5.25-5.50% range but will keep doors open for further policy tightening as the US economy is resilient on the grounds of labor market and consumer spending.
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