The USD/JPY pair holds positive ground around 149.70 during the early Asian session on Monday. The pair trades at the highest level in 11 months after
BoJ Governor said that the central bank has a long way to go before exiting its ultra-loose monetary policy.pair holds positive ground around 149.70 during the early Asian session on Monday. The pair trades at the highest level in 11 months after bouncing off the low of 148.52 following the release of the Bank of Japan Summary of Opinions. Meanwhile,On Saturday, BoJ Governor Kazuo Ueda said that there was "a distance to go" for BoJ before exiting its ultra-loose.
Across the pond, Federal Reserve Bank of New York President John Williams said on Friday that the central bank is at or near peak for the federal funds rate while mentioning that the Fed will need a restrictive policy stance for some time to achieve goals. Traders will take cues from the Fed’s Chair Jerome Powell's speech later in the American session on Monday.reported on Friday that the Personal Consumption Expenditures Price Index climbed 3.5% YoY in August from the previous month of 3.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.The Australian Dollar holds ground to continue the winning streak on the third successive day on Monday. The AUD/USD receives upward support, primarily supported by the Chinese upbeat PMI data released on the weekend. The pair extends gains, trading around 0.6430 during early Asian trading hours on Monday.
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