PCE deflator is almost as expected. The USD/JPY generally shows a lack of momentum.
【3/29Market Overview
During Tokyo time, USD/JPY briefly reached151.50yen, but due to real demand selling at the official setting,151.18yen was seen. However, it later retraced to around151.40yen. In European hours, USD/JPY hovered around the151yen level in the lower to mid teens.NYtime,2month PCEdeflatorwas as expected year-on-year at2.5%PCEcore deflator also as expected year-on-year at2.8%USD/JPY fell on the downside toand151.16yen. After that, Federal Reserve Chair Powell remarked at an event held by the San Francisco Fed that “today’sFRBPCE151.30yen.
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