USD/JPY continued to hover near recent highs. BOJ Governor Ueda reiterated that BOJ will raise policy rate if economic conditions continue to improve this year. Pair was last seen trading at 157.63, ...
coupled with U.S. consumers’ one-year inflation outlook of 4.6% this month (compared to March’s 3.6%), has further strengthened rate hike expectations, resulting in a boost for the dollar.
The U.S. dollar is estimated to have climbed to a 55-year high at the end of the year by one inflation-adjusted measure, according to Bank of America Securities analysts. The dollar surged in the last ...