16SEP2023

 The USD/JPY pair is maintaining its positive stance, hovering around the 147.50 mark, as traders eagerly anticipate the release of crucial US economic data. Recent developments have provided mixed signals for both the US dollar (USD) and the Japanese yen (JPY).

In the US, the Bureau of Labor Statistics reported that the August Producer Price Index (PPI) showed year-on-year growth of 1.5%, up from the previous reading of 0.8% and exceeding expectations. However, the annual Core PPI figure dropped slightly from 2.4% to 2.2%. Retail Sales in August grew by 0.6% on a monthly basis, surpassing estimations of 0.2%. Additionally, the US Department of Labor revealed that weekly Initial Jobless Claims totaled 220,000, slightly lower than the market consensus of 225,000. These data points indicate that the US economy remains resilient, and inflation rebounded in August.

Despite the positive data, market expectations regarding the Federal Reserve's (Fed) monetary policy have not shifted significantly. It is widely anticipated that the Fed will maintain its current interest rate at the upcoming meeting scheduled for next week. The hawkish stance from the Fed continues to support US bond yields and the USD.

On the other hand, the Bank of Japan (BoJ) has signaled that it will not consider an exit from its ultra-easy policy until wage and inflation data meet expectations. This stance has left the JPY vulnerable against other major currencies.

其實我由01SEP2023 就做到無停手，所以，就寫左野都無法UPLOAD。

睇法就係USDJPY 會上，初步係151。