On Wednesday, the USD/JPY gained additional ground, rising back above 149.00. Hot Producer Price Index (PPI) failed to trigger a significant move on t
USD/JPY rose above149.00, gaining 0.20% on the day. US PPI from September accelerated, beating expectations.
minutes from September will be released later in the session. On Wednesday, the USD/JPY gained additional ground, rising back above149.00. Hot Producer Price Index failed to trigger a significant move on the USD, and the trajectory of the pair seems to be determined by the dovish stance of the Bank of Japan . Later in the session, markets will monitor the Federal Open Market Committee minutes from the September meeting to look for clues on forward guidance.
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