
- USD/JPY gathers strength to near 157.30 in Thursday’s Asian session.
- The bets on fewer cuts by the Fed this year support the USD.
- BoJ’s Ueda expected further progress in hitting the price target this year.
The USD/JPY pair gains ground to around 157.30 during the early Asian trading hours on Thursday. The anticipation of the US interest rates staying higher for longer lifts the US dollar (USD) against the Japanese Yen (JPY). Markets in Japan are closed for the rest of the week. On Friday, the US ISM Manufacturing PMI for December will be closely watched.
The US Dollar Index
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