USD/JPY holds below 160 as BoJ and Fed take center stage for the yen
USD/JPY remains below 160, a level the market watches for the risk of intervention by Japan. Japanese core inflation rose to 2.1% year-on-year in September and the measure excluding food and energy accelerated from 1.9% to 2.4%, above forecasts, reinforcing the case for continued monetary policy normalization. After September's rate hike to 1.25%, the market points to December for the next move. On the other side, persistent US inflation could limit the Fed's room for maneuver.
In 40 seconds
- Japan's core inflation excluding food and energy rose from 1.9% to 2.4% in September, above the 2.3% forecast
- The market increasingly prices another BoJ rate hike in December, following September's increase to 1.25%
- USD/JPY trades in a range of roughly 157 to 159, with 160 remaining a reference level due to intervention risk
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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