• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

USD/JPY holds below 160 as BoJ and Fed take center stage for the yen

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

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
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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