- The USD/JPY continues to face sales pressure even though the underlying inflation of the US PCE for February was higher than expected.
- Investors prepare for reciprocal tariffs that will be announced by President Donald Trump on Wednesday.
- Tokyo’s IPC data higher than expected have strengthened Japanese yen.
The USD/JPY torque has dropped more than 0.3% about 150.50 in the American session on Friday. The PAR is still disadvantaged even though the data of the Personal Consumption Expenditure Index (PCE) of the United States (USA) for February have been higher than expected. The inflation of the U.S. PCE PCE that excludes volatile food and energy elements – increased at a faster rate of 2.8% year -on -year compared to 2.7% estimates and the previous publication of 2.6%.
The Federal Reserve (FED) also anticipated that its preferred inflation indicator will average 2.8% for the end of the year at the monetary policy meeting last week, in which it kept interest rates in its current range of 4.25% -4.50% and guided that they are not in a hurry to make adjustments due to the lack of clarity on the tariff agenda of the president of the US, Donald Trump.
It is expected that the inflation data of the U.S. U.S. Underly Highth PCEs projected to the expectations of the Fed maintaining loan interest rates at its current levels for a prolonged period.
Meanwhile, investors prepare for the announcement of reciprocal tariffs by President Trump on Wednesday. Trump is ready to reveal a detailed tariff plan for all its commercial partners in order to correct the inflated trade deficit. Market participants expect Trump tariffs to result in an economic deceleration and a resurgence of inflationary pressures worldwide.
In the front of the Japanese Yen (JPY), the data of the Tokyo Consumer Price Index (IPC) of the highest than expected for March have caused expectations of more increases in interest rates by the Bank of Japan (BOJ) this year. High inflation data have also strengthened Japanese and in front of their peers.
And in Japanese price today
The lower table shows the rate of change of Japanese Yen (JPY) compared to the main currencies today. Yen Japanese was the strongest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.02% | -0.04% | -0.30% | 0.01% | -0.06% | 0.15% | 0.10% | |
| EUR | 0.02% | -0.03% | -0.33% | 0.02% | -0.05% | 0.15% | 0.10% | |
| GBP | 0.04% | 0.03% | -0.25% | 0.05% | -0.02% | 0.19% | 0.13% | |
| JPY | 0.30% | 0.33% | 0.25% | 0.32% | 0.25% | 0.46% | 0.41% | |
| CAD | -0.01% | -0.02% | -0.05% | -0.32% | -0.07% | 0.12% | 0.08% | |
| Aud | 0.06% | 0.05% | 0.02% | -0.25% | 0.07% | 0.21% | 0.14% | |
| NZD | -0.15% | -0.15% | -0.19% | -0.46% | -0.12% | -0.21% | -0.05% | |
| CHF | -0.10% | -0.10% | -0.13% | -0.41% | -0.08% | -0.14% | 0.05% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Japanese yen from the left column and move along the horizontal line to the US dollar, the percentage change shown in the picture will represent the JPY (base)/USD (quotation).
Tokyo CPI data increased 2.9% in 12 months to March, faster than the 2.8% growth observed in February. The CPI data of the capital of Japan – that exclude fresh foods – accelerated 2.4% compared to estimates and the previous 2.2% publication.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
