USD/JPY: Surges Above 156.00 as BoJ Holds Rates

The Japanese yen has posted strong gains on Friday. In the European session, USD/JPY is trading at 142.76 at the time of writing, down 0.47% on the day. The yen is on a tear and is up 2.3% against the greenback this week. Japan’s household spending misses expectations Japan’s economy is showing signs of recovery […]

U.S. Highlights In a widely expected move, the Federal Reserve held the policy rate steady in the target range of 5.25%-5.5%. FOMC participants now expect fewer rate cuts this year, with the median projection showing just one cut by year-end (previously three). Consumer Price Index (CPI) inflation came in weaker than expected in May, with […]

The recent economic data presents a nuanced narrative, showcasing the resilience of the US economy amid uncertainties. As we navigate through the mixed signals of GDP growth, price index fluctuations, and surprising jobless claims, it becomes evident that a comprehensive understanding of these indicators is essential for making informed predictions about the nation’s economic trajectory. […]