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    USD/JPY extends winning streak for third day, US CPI is on horizon

    Author AvatarBy Jack Lawson No Comments 12 Mins Read
    • USD/JPY climbs to near 154.00 amid weakness in the Japanese Yen.
    • BoJ Ueda cautioned about rise in food prices that could stimulate inflation expectations.
    • Investors await the US CPI data for fresh cues about the Fed’s monetary policy outlook.

    The USD/JPY pair jumps to near 154.00 in Wednesday’s European session on extending its winning streak for the third trading day. The asset performs strongly as the Japanese Yen (JPY) continues to face selling pressure even though market participants have become increasingly confident that the Bank of Japan (BoJ) will maintain a hawkish monetary policy stance going ahead.

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    Jack Lawson is a seasoned financial strategist with over 20 years of experience navigating the complexities of global markets, specializing in Forex and cryptocurrency. His expertise blends deep analytical skills with a keen understanding of market psychology, making him a trusted voice in the financial community. Jack’s nuanced approach to market trends, combined with his ability to distill complex data into actionable insights, has earned him a reputation for providing invaluable guidance to both seasoned investors and emerging traders. His writing is marked by a sophisticated yet accessible style, reflecting his commitment to empowering others in their financial journey.

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