The USD/JPY pair hovers around 149.65 after retracing from the monthly highs of 150.77 during the Asian session on Monday. Traders prefer to wait on t
USD/JPY hovers around 149.65 ahead of the key events from the US and Japan. Core US PCE eased to 3.7% YoY in September vs. 3.8% prior, the monthly Core PCE rose by 0.3% vs. 0.1% prior. Analysts anticipate the Bank of Japan is nearing the end of its ultra-accommodative monetary policy. Market players will closely focus on the BoJ and Fed interest rate decisions on Tuesday and Wednesday, respectively. he sidelines ahead of the monetary policy meeting from Japan and the US.
3% versus 0.1% prior. Furthermore, the September's headline PCE Price Index arrived at 3.4% YoY versus the expected 3.4%. However, the Fed officials stated that recent economic data suggested that economic activity is growing at a solid pace while the job market remains robust. These upbeat reports raise expectations about additional rate hikes at the December meeting, which might boost the Greenback for the time being.
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