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Japanese Yen falls as US inflation boosts Fed hike odds, Trump-Xi talks in focus
USD/JPY trades around 157.80 on Wednesday at the time of writing, up 0.13% on the day, as the US Dollar (USD) continues to benefit from renewed hawkish expectations surrounding the Federal Reserve’s (Fed) monetary policy outlook.
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#trump #news #usdjpy #usd #jpy #USDT
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@FxVerifOfficial Given that the Strait of Hormuz remains functionally closed and the rhetoric from the White House is increasingly hardening, this looks more like a move driven by a structural supply deficit.
Oil is surging as supply fears return to the market.
Trump’s rejection of Iran’s peace proposal and renewed Hormuz closure fears are pushing traders to price in more risk on the supply side. Stronger China trade data is also helping the demand story. The real question now is whether this stays as a headline-driven spike or becomes a more lasting move.
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https://t.co/9yK6Xogy4z
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