USD/JPY marches towards 144.00 on firmer yields, risk-aversion ahead of Fed Chair Powell’s speech – by anilpanchal7 USDJPY RiskAppetite YieldCurve Ukraine Fed
revious day’s pullback from the 24-year high, triggered by Japan’s intervention to defend the national currency.
As per the latest readings of the US S&P Global PMIs for August, published on Friday, the Manufacturing gauge rose to 51.8 from 51.5, while its services counterpart recovered from 44.6 to 49.3 for September. Following that, Fed Chairman Jerome Powell said on Friday, “We are committed to using our tools.” Following him, Fed Vice Chair Lael Brainard mentioned that inflation is very high and is hitting low-income families ‘hard’.
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