USD/JPY extends its upside above 151.30 ahead of US UoM data

Share:

• USD/JPY trades in positive territory for the fifth consecutive day on Friday.
• Federal Reserve (Fed) Chair Powell said they are not confident that they have achieved a sufficiently restrictive policy.
• Bank of Japan (BoJ) Governor Ueda said they will exit the ultra-loose monetary policy with caution to avoid major volatility.
• Market players await the US University of Michigan Consumer Sentiment Survey on Friday.

The USD/JPY pair holds above the 151.00 mark during the early Asian session on Friday. The higher US dollar and US Treasury bond yields lend some support to the pair. However, the further gains might trigger some intervention from the Japanese authorities. The pair currently trades near 151.35, losing 0.01% on the day.