USD/JPY dips following February's Core PCE data, indicating a gradual cooling of inflation but concerns linger.
Fed officials maintain a cautious outlook on rate cuts, awaiting further evidence of sustained disinflationary trends.
Market awaits insights from Fed Chair Powell and other Fed speakers.
The USD/JPY posts minuscule losses following the release of the US Core Personal Consumption Expenditure (PCE) price index, the US Federal Reserve’s preferred inflation gauge. Data came as expected with prices continuing to trend lower, though at a slower pace. The major trades at 151.25, down 0.09%.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.