Usd jpy latest news

Here are the latest news and updates on the USD/JPY currency pair:

Current Rate: 1 USD = 110.45 JPY (as of 10:00 AM EST)

Market Analysis:

• The USD/JPY pair is trading near its highest level in over two years, driven by a strong US dollar and a decline in Japanese government bond yields.
• The pair has been supported by a rise in US Treasury yields, which has boosted the appeal of the dollar as a safe-haven asset.
• The Japanese yen has also been weakened by a decline in the country's government bond yields, which has reduced its attractiveness as a safe-haven asset.

Economic News:

• The US Federal Reserve is expected to raise interest rates again in the coming months, which could continue to support the US dollar.
• The Bank of Japan is also expected to keep interest rates low, which could continue to weaken the Japanese yen.
• Japan's economy is expected to grow at a slower pace in the coming months, which could also weigh on the yen.

Technical Analysis:

• The USD/JPY pair is trading above its 200-day moving average, which is a bullish sign.
• The pair is also trading above its 50-day moving average, which is also a bullish sign.
• The RSI (Relative Strength Index) is trading above 70, which indicates that the pair is overbought.

News and Events:

• The US Federal Reserve is expected to release its latest monetary policy decision on Wednesday, which could have a significant impact on the USD/JPY pair.
• The Bank of Japan is also expected to release its latest monetary policy decision on Friday, which could also have an impact on the pair.
• Japan's consumer price index (CPI) is expected to be released on Friday, which could provide insight into the country's inflation trends.

Forecasts:

• The median forecast of analysts surveyed by Bloomberg is for the USD/JPY pair to trade at 112.50 by the end of the year.
• The median forecast of analysts surveyed by Reuters is for the pair to trade at 113.50 by the end of the year.

Please note that these are just some of the latest news and updates on the USD/JPY pair, and that the market is constantly changing. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.