FX

Breaking: USD/JPY slides towards 136.00 as BOJ vs. Fed play gains momentum ahead of US PCE Inflation

  • USD/JPY takes offers to refresh 14-week low during four-day downtrend.
  • BOJ’s Noguchi teases pre-emptive withdrawal of stimulus to propel JPY of late.
  • Fed’s Powell, US Treasury Secretary Yellen favored hopes of smaller rate hikes.

USD/JPY stands on slippery grounds, extending the previous south-run towards the lowest levels since late August, after Bank of Japan (BOJ) policymaker signalled withdrawal of stimulus during early Thursday. That said, the bears attack 136.00 level by the press time during the four-day downtrend.

More to come….

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