$USDJPY kicks off the new week on positive note and reverses Friday’s retracement slide Majors
since November 2022. The pair builds on its steady intraday ascent and climbs to a fresh daily high during the early European session, albeit remains below the 145.00 psychological mark.
Governor Kazuo Ueda recently ruled out the possibility of any change in ultra-loose policy settings and signalled no immediate plans to alter the yield curve control measures.reiterated last week that two more rate increases are likely by the end of this year. Adding to this, the fact that the US PCE Price Index remains well above the 2% target supports prospects for further policy tightening.
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