{"id":297649,"date":"2024-05-08T05:34:18","date_gmt":"2024-05-08T00:04:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=297649"},"modified":"2024-05-08T05:36:00","modified_gmt":"2024-05-08T00:06:00","slug":"usd-jpy-extends-recovery-above-154-50-amid-firmer-us-dollar-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-jpy-extends-recovery-above-154-50-amid-firmer-us-dollar-crypto-news\/","title":{"rendered":"USD\/JPY extends recovery above 154.50 amid firmer US Dollar &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>USD\/JPY gains traction near 154.75 in\u00a0Wednesday\u2019s\u00a0early Asian session.\u00a0<\/strong><\/li>\n<li><strong>Fed\u2019s\u00a0Kashkari noted the Fed might stand put on rates and open the door for hiking if inflation\u00a0doesn\u2019t\u00a0ease.<\/strong><\/li>\n<li><strong>BoJ Governor said he will closely monitor the\u00a0JPY&#8217;s\u00a0weakness and\u00a0will\u00a0consider taking more steps if the currency continues to slide.\u00a0<\/strong><\/li>\n<\/ul>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdjpy\" data-fxs-autoanchor=\"\">USD\/JPY pair<\/a> trades in positive territory for the third consecutive day\u00a0around\u00a0154.75 during the early Asian session on Wednesday. The higher-for-longer US rate narrative continues to support the US Dollar (USD) and lift the pair. Nonetheless, further steps from Japanese authorities to prevent the Japanese\u00a0Yen&#8217;s\u00a0current weakness might cap the\u00a0pair\u2019s\u00a0upside\u00a0in the near term.\u00a0<\/p>\n<p>The recent hawkish remarks from Minneapolis Fed President Neel Kashkari have boosted the Greenback. Kashkari said on Tuesday that the Fed might stand put on interest rates and open the door to raising the federal funds rate if inflation\u00a0doesn\u2019t\u00a0ease. The US Federal Reserve (Fed) committee decided last week to hold its benchmark rate steady\u00a0in a range of\u00a05.25%\u20135.50%. The\u00a0Fed funds rate\u00a0has been in this range since July 2023. The Fed policymakers emphasized that more clarity would\u00a0be needed\u00a0in the inflation <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor=\"\">outlook<\/a> before lowering its borrowing costs.<\/p>\n<p>The Bank of Japan (BoJ) hiked interest rates in March for the first time in 17 years, but it remains behind its global rivals, especially the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\">Fed<\/a>. The interest rate differential between Japan and the US has exerted some selling pressure and made the JPY less appealing.\u00a0<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boj\" data-fxs-autoanchor=\"\">BoJ<\/a> Governor Kazuo Ueda noted on Tuesday that he will closely monitor the\u00a0Yen&#8217;s\u00a0weakness,\u00a0and\u00a0the\u00a0Japanese central bank will consider taking a policy step if the\u00a0yen&#8217;s\u00a0further slide against the US Dollar (USD). The\u00a0further\u00a0possible FX intervention by Japanese authorities\u00a0is likely to\u00a0cap the JPY downside for the time being.\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY gains traction near 154.75 in\u00a0Wednesday\u2019s\u00a0early Asian session.\u00a0 Fed\u2019s\u00a0Kashkari noted the Fed might stand put on rates and open the door for hiking if inflation\u00a0doesn\u2019t\u00a0ease. BoJ Governor said he will closely monitor the\u00a0JPY&#8217;s\u00a0weakness and\u00a0will\u00a0consider taking more steps if the currency continues to slide.\u00a0 The USD\/JPY pair trades in positive territory for the third consecutive day\u00a0around\u00a0154.75 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,333,277,252,247,253,249,275,256,254],"class_list":["post-297649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=297649"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297649\/revisions"}],"predecessor-version":[{"id":297650,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297649\/revisions\/297650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/11392"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=297649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=297649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=297649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}