The USD/JPY pair attracts some dip-buying near the 148.30 area during the Asian session on Friday and reverses a part of the previous day's losses, al
USD/JPY ticks higher during the Asian session, though might struggle to capitalize on the move. Intervention fears, along with a softer risk tone, could benefit the JPY and act as a headwind. Traders also seem reluctant and look forward to the crucial US NFP report for a fresh impetus. beit lacks bullish conviction. Spot prices currently trade around the 148.65 region, up just over 0.
Adding to this, the BoJ Governor Kazuo Ueda had said that the current policy framework has a big stimulative effect on the economy and the basic stance is to patiently maintain monetary easing. In contrast, the Fed struck a more hawkish tone and projected at least one more rate hike in 2023. Moreover, the incoming US macro data remains consistent with expectations of solid economic growth in the third quarter and should allow the Fed to keep interest rates higher for longer.
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