USD/JPY lost momentum in European trading and failed to establish itself above 155 yen. Amid dollar strength, it fell to 154.73 yen, with the latest trading range at 154.73-155.23 yen.
USD/JPY lost momentum in European trading and failed to establish itself above 155 yen. Trading fell to 154.73 yen, with the pair moving in a range of 154.73-155.23 yen.
According to FedWatch, expectations for a rate hike by the Federal Open Market Committee (FOMC) have exceeded 90%, and the outlook for higher US interest rates and a stronger dollar remains unchanged.
Among other major currency pairs, EUR/JPY traded in a range of 178.55-179.07 yen, while EUR/USD traded in a range of 1.1532-1.15406.