TODAY'S MARKET INTELLIGENCE
USD Index Dip Pressures USD/JPY Amid Rate Differential and Hike Expectation Tug-of-War
English summary
USD/JPY traded near 158.0 in Asian hours on Friday. Strong US PPI data supported the dollar, but Fed Chair Warsh's comments reduced short-term rate hike expectations. BOJ hawkish signals and high inflation supported the yen, though markets expect a hold in October. The pair remains range-bound awaiting policy cues.
The English text is machine translated and may require verification against the Chinese version.
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