USD/JPY inches a little higher … 109 … not yet

We’ve got Fed Chair Powell speaking today (Wednesday US time) and expectations are he may well further water down expectations for FOMC easing.

USD/JPY has certainly been behaving that way. higher over the past week of trading sessions.

Its been lacklustre in the Asia morning so far, a very limited range but has just broken through its overnight high:

News today has been negative for the yen:


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