The USD/JPY pair remains confined in a narrow range around 149.75 during the early Asian trading hours on Wednesday. A surge in US Treasury bond yield
USD/JPY oscillates in a tight trading range above the mid-149.00s amid the volatile session. US Retail Sales for September came in better than expected. The Bank of Japan considered revising its core CPI forecasts for 2023 and 2024 while maintaining its 2025 inflation forecast. s underpinned the major pair. At nearly the 150.00 mark, investors remain on guard for the possibility of an intervention by Japanese authorities.
Suzuki went on to say that there was no need to go into detail about the factors that impact the currency. Investors await the Japanese inflation data on Friday for fresh impetus. The National Consumer Price Index ex-Fresh Food for September is expected to rise 2.7% YoY from 3.1% in the previous reading.
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