USDJPY: The yen is at a 10-week low as the dollar rose for a fou

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The Japanese yen remained near a 10-week low on Friday, with currency markets adjusting expectations around interest rate movements from global central banks. The yen traded slightly changed at 149.315 against the USD, after falling to 149.48 in the previous session, marking its lowest since November 27.

Bank of Japan Deputy Governor Shinichi Uchida's comments on Thursday suggested the central bank is unwilling to raise interest rates quickly even after potentially ending its negative interest rate policy, which some Market participants predict it could happen as soon as next month.

Despite careful monitoring of foreign exchange movements by Japanese Finance Minister Shunichi Suzuki, who reiterated that monetary policy decisions belong to the central bank, the yen did not show a significant reaction.

The dollar index, a gauge against six major currencies, remained steady at 104.15. It rose 0.1% on Thursday after data showed resilience in the US labor market, dampening expectations of an imminent interest rate cut by the Federal Reserve. For the week, the dollar index was up 0.18%, boosted by strong monthly payrolls data last Friday and hawkish comments from Fed Chairman Jerome Powell in a "60" interview. minutes" aired on Sunday.

Upcoming US economic data includes the Consumer Price Index (CPI) inflation report for January, which will be released on Tuesday.

Traders have significantly reduced the odds of a rate cut at the Fed's March policy meeting to just 16.5%, down sharply from 65.9% a month ago, according to CME Group's FedWatch Tool .
注释
USDJPY SELL 149.30- 149.40

TP1: 149.00
TP2: 148.80

SL: 149.90
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