Dollar/Yen rose to just under 150 yen, but stalled after U.S. PCE release.
【9/26Market Overview
Tokyo time, USD/JPY9 months Tokyo metropolitan area CPI (excluding fresh food) year-on-yearCPI growth of% is slower than expected, brieflyyen reached. However, after failing to break above the 150 yen level, and with the subdued Nikkei average, it slipped toyen. Thereafter, it moved little in the high 149s. In European session, USD/JPY yen-high range with no clear direction. time, Federal Reserve's policy considerations are guided by月 U.S. personal consumption expenditures (PCE) price index (deflator) data, which came in line with market expectations, reinforcing expectations for continued U.S. rate cuts, leading to broad dollar selling. Additionally, the University of Michigan's月 consumer sentiment index (Final) and inflation expectations below forecasts contributed to the dollar/yen falling toyen.
【9/29Market Outlook