{"id":696770,"date":"2024-04-17T09:29:42","date_gmt":"2024-04-16T23:29:42","guid":{"rendered":"https:\/\/www.gomarkets.com\/?p=696770"},"modified":"2024-08-26T15:05:49","modified_gmt":"2024-08-26T05:05:49","slug":"fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/","title":{"rendered":"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154"},"content":{"rendered":"<p>USD rallied in Tuesday\u2019s session, with the US dollar Index hitting a 2024 high of 106.510 after hawkish Fed Chair Powell commentary where he noted recent data was showing a lack of further progress on inflation. Powell also added that if higher inflation persists the Fed can maintain current rate as long as needed. On data, building permits and housing starts came in beneath analyst expectations while industrial production was in line with forecasts but manufacturing output beat.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-405516\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2024\/04\/dxy.png\" alt=\"\" width=\"1835\" height=\"857\" \/><\/p>\n<p>USDJPY moved higher for a 5<sup>th<\/sup> straight session, with the pair closing the New York session at highs of 154.78. There was what appeared to be an intervention earlier in the US session with a steep 100 pip drop on no headlines that quickly retraced. This looked like a shot across the bow from the BoJ with market participants suspecting intervention and will likely strengthen expectations that 155.00 is the line in the sand for Japanese officials.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-405517\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2024\/04\/usdjpy.png\" alt=\"\" width=\"1838\" height=\"857\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD rallied in Tuesday\u2019s session, with the US dollar Index hitting a 2024 high of 106.510 after hawkish Fed Chair Powell commentary where he noted recent data was showing a lack of further progress on inflation. Powell also added that if higher inflation persists the Fed can maintain current rate as long as needed. On [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":693438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2871],"tags":[],"class_list":["post-696770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-trading"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154 - Wixad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154 - Wixad\" \/>\n<meta property=\"og:description\" content=\"USD rallied in Tuesday\u2019s session, with the US dollar Index hitting a 2024 high of 106.510 after hawkish Fed Chair Powell commentary where he noted recent data was showing a lack of further progress on inflation. Powell also added that if higher inflation persists the Fed can maintain current rate as long as needed. On [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/\" \/>\n<meta property=\"og:site_name\" content=\"Wixad\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T23:29:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-26T05:05:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"475\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lachlan Meakin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lachlan Meakin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/\"},\"author\":{\"name\":\"Lachlan Meakin\",\"@id\":\"https:\/\/www.gomarkets.com\/es\/#\/schema\/person\/3be9f4cfdfb1cf0fc5ca416d0ad05509\"},\"headline\":\"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154\",\"datePublished\":\"2024-04-16T23:29:42+00:00\",\"dateModified\":\"2024-08-26T05:05:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/www.gomarkets.com\/es\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg\",\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/\",\"url\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/\",\"name\":\"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154 - Wixad\",\"isPartOf\":{\"@id\":\"https:\/\/www.gomarkets.com\/es\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg\",\"datePublished\":\"2024-04-16T23:29:42+00:00\",\"dateModified\":\"2024-08-26T05:05:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#primaryimage\",\"url\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg\",\"contentUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg\",\"width\":770,\"height\":475},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.gomarkets.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.gomarkets.com\/es\/#website\",\"url\":\"https:\/\/www.gomarkets.com\/es\/\",\"name\":\"Wixad\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.gomarkets.com\/es\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.gomarkets.com\/es\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.gomarkets.com\/es\/#organization\",\"name\":\"Wixad\",\"url\":\"https:\/\/www.gomarkets.com\/es\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.gomarkets.com\/es\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/01\/Logo-Portrait-RGB-1x2-1.png\",\"contentUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/01\/Logo-Portrait-RGB-1x2-1.png\",\"width\":368,\"height\":226,\"caption\":\"Wixad\"},\"image\":{\"@id\":\"https:\/\/www.gomarkets.com\/es\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.gomarkets.com\/es\/#\/schema\/person\/3be9f4cfdfb1cf0fc5ca416d0ad05509\",\"name\":\"Lachlan Meakin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.gomarkets.com\/es\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/43f8d61f6b6abddf0262db42355a35b6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/43f8d61f6b6abddf0262db42355a35b6?s=96&d=mm&r=g\",\"caption\":\"Lachlan Meakin\"},\"description\":\"Head of Research, Wixad Australia.\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154 - Wixad","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/","og_locale":"en_US","og_type":"article","og_title":"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154 - Wixad","og_description":"USD rallied in Tuesday\u2019s session, with the US dollar Index hitting a 2024 high of 106.510 after hawkish Fed Chair Powell commentary where he noted recent data was showing a lack of further progress on inflation. Powell also added that if higher inflation persists the Fed can maintain current rate as long as needed. On [&hellip;]","og_url":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/","og_site_name":"Wixad","article_published_time":"2024-04-16T23:29:42+00:00","article_modified_time":"2024-08-26T05:05:49+00:00","og_image":[{"width":770,"height":475,"url":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg","type":"image\/jpeg"}],"author":"Lachlan Meakin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Lachlan Meakin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#article","isPartOf":{"@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/"},"author":{"name":"Lachlan Meakin","@id":"https:\/\/www.gomarkets.com\/es\/#\/schema\/person\/3be9f4cfdfb1cf0fc5ca416d0ad05509"},"headline":"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154","datePublished":"2024-04-16T23:29:42+00:00","dateModified":"2024-08-26T05:05:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/"},"wordCount":161,"publisher":{"@id":"https:\/\/www.gomarkets.com\/es\/#organization"},"image":{"@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#primaryimage"},"thumbnailUrl":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg","articleSection":["Forex"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/","url":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/","name":"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154 - Wixad","isPartOf":{"@id":"https:\/\/www.gomarkets.com\/es\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#primaryimage"},"image":{"@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#primaryimage"},"thumbnailUrl":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg","datePublished":"2024-04-16T23:29:42+00:00","dateModified":"2024-08-26T05:05:49+00:00","breadcrumb":{"@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#primaryimage","url":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg","contentUrl":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_625915477.jpg","width":770,"height":475},{"@type":"BreadcrumbList","@id":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-usd-rallies-on-hawkish-fed-jpy-holds-above-154\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.gomarkets.com\/en\/"},{"@type":"ListItem","position":2,"name":"FX analysis \u2013 USD rallies on hawkish Fed, JPY holds above 154"}]},{"@type":"WebSite","@id":"https:\/\/www.gomarkets.com\/es\/#website","url":"https:\/\/www.gomarkets.com\/es\/","name":"Wixad","description":"","publisher":{"@id":"https:\/\/www.gomarkets.com\/es\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.gomarkets.com\/es\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.gomarkets.com\/es\/#organization","name":"Wixad","url":"https:\/\/www.gomarkets.com\/es\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.gomarkets.com\/es\/#\/schema\/logo\/image\/","url":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/01\/Logo-Portrait-RGB-1x2-1.png","contentUrl":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2023\/01\/Logo-Portrait-RGB-1x2-1.png","width":368,"height":226,"caption":"Wixad"},"image":{"@id":"https:\/\/www.gomarkets.com\/es\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.gomarkets.com\/es\/#\/schema\/person\/3be9f4cfdfb1cf0fc5ca416d0ad05509","name":"Lachlan Meakin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.gomarkets.com\/es\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/43f8d61f6b6abddf0262db42355a35b6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/43f8d61f6b6abddf0262db42355a35b6?s=96&d=mm&r=g","caption":"Lachlan Meakin"},"description":"Head of Research, Wixad Australia."}]}},"publishpress_future_action":{"enabled":false,"date":"2025-08-17 19:04:28","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"next":{"id":700252,"slug":"fx-analysis-eur-rate-divergence-rhetoric-fading","title":"FX Analysis - EUR Rate divergence rhetoric fading?","date":"2024-04-26 10:20:01","excerpt":"USD rallied in Tuesday\u2019s session, with the US dollar Index hitting a 2024 high of 106.510 after hawkish Fed Chair Powell commentary where he noted recent data was showing a lack of further progress on inflation. Powell also added that if higher inflation persists the Fed can maintain current rate as long as needed. On ","link":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-eur-rate-divergence-rhetoric-fading\/","type":"next","category":"forex-trading"},"previous":{"id":696295,"slug":"fx-analysis-gold-and-usd-eye-key-cpi-figure","title":"FX analysis \u2013 Gold and USD eye key CPI figure","date":"2024-04-10 14:42:07","excerpt":"USD rallied in Tuesday\u2019s session, with the US dollar Index hitting a 2024 high of 106.510 after hawkish Fed Chair Powell commentary where he noted recent data was showing a lack of further progress on inflation. Powell also added that if higher inflation persists the Fed can maintain current rate as long as needed. On ","link":"https:\/\/www.gomarkets.com\/en\/articles\/forex-trading\/fx-analysis-gold-and-usd-eye-key-cpi-figure\/","type":"previous","category":"forex-trading"},"category":{"slug":"forex-trading"},"_links":{"self":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/696770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/comments?post=696770"}],"version-history":[{"count":0,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/696770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media\/693438"}],"wp:attachment":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media?parent=696770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/categories?post=696770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/tags?post=696770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}