USD/JPY steadies at the open

Economies.com
2022-02-14 06:16AM UTC

US dollar tilted higher in Asian trade against yen amid a lack of data from Japan and ahead of US data and speeches by Fed officials.

 

As of 06:14 GMT, USD/JPY rose 0.08% to 115.39, with an intraday high at 115.60, and a low at 115.28.

 

From the US, Federal Reserve Bank of St. Louis President James Bullard and is scheduled for an important interview today, expected to hint at the future of monetary policy by the Fed.

 

Several Fed officials already paved the way for a 50 basis points hike in the March meeting, however some sounded cautious notes, cutting down the prospects for a rate hike in March to 40%.

 

Recent US inflation data showed consumer prices hit 1982 highs, bolstering the case for multiple rate hikes in 2022 to calm down runaway inflation. 

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