USD/JPY remains on the defensive below 142.00 mark, downside seems limited – by hareshmenghani USDJPY Fed BOJ Majors Currencies
the previous day. Spot prices, however, manage to hold above the 100-hour Simple Moving Average and currently trade just below the 142.00 round-figure mark. consolidates the overnight slide back closer to the monthly low in the wake of Federal Reserve Chair Jerome Powell's less hawkish remarks and turns out to be a key factor acting as a headwind for the USD/JPY pair.
It is worth recalling that the minutes of the April BoJ meeting showed on Wednesday that the nine-member board saw the need to keep ultra-low interest rates to support the fragile domestic economy.
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