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Hello everyone, today XM Forex will bring you "[XM Forex Official Website]: The yen is under pressure, and the Federal Reserve's hawkish risks may push the US dollar/JPY to rise." Hope it will be helpful to you! The original content is as follows:
XM Forex APP News - On Monday (August 18), the US dollar/Japanese yen rose slightly, holding the key level around 147.50. The sluggish market environment keeps the US dollar/JPY staying defensive in the 146.50-148.50 volatility range after the release of US non-farm employment data. The Fed's statement at the Jackson Hall seminar will be a key driver of the US dollar/JPY trend. If the Fed releases hawkish signals, the US dollar/JPY may break through 148.50, testing the psychological threshold of 150.00; if the statement is dovish, it may fall back to the lower limit of the 146.50 range. In terms of geopolitical terms, the outcome of the Trump-Zelensky meeting will directly affect the yen's safe-haven demand. Bloomberg pointed out that the current market demand for the yen has declined, but emergencies may quickly change market sentiment.
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