![Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com](https://earth-news.info/wp-content/uploads/2025/05/310460-rachel-guttman-launches-entertainment-law-firm-gutt-law-pllc-exclusive-musicrow-com-360x180.jpg)
USD/JPY keeps the range-bound theme unchanged around 149.50 in early Monday.
The less hawkish stance from the Federal Reserve (Fed) weighs on the Greenback.
Japan’s National Consumer Price Index (CPI) for October rose by 3.3% YoY vs. 3.0% prior.
The USD/JPY pair maintains the multi-session range-bound theme unchanged around the mid-149.00s during the early Asian session on Monday. In the absence of top-tier economic data released from the Japanese docket this week, the USD/JPY pair remains at the mercy of USD price dynamics. The pair currently trades near 149.53, gaining 0.04% for the day.
The minutes of the November FOMC meeting revealed that Fed members needed more evidence that inflation was cooling before they could be convinced that it was tracking sustainably down to 2%. The less hawkish stance from the Federal Reserve (Fed) exerts downward pressure on the US Treasury bond yields and weighs on the Greenback.
On Friday, the US S&P Global Manufacturing PMI fell to 49.4 from 50.0, worse than the expectation of 49.8 while the Services PMI climbed to 50.8 from 50.6 the previous month, above the market expectation of 50.4. Finally, the Composite PMI remained steady at 50.7 in November.
On the other hand, the Japanese inflation figures suggest that the Bank of Japan (BoJ) is unlikely to seek an exit from its ultra-expansionary monetary policy for the time being. On Friday, the National Consumer Price Index (CPI) for October rose by 3.3% YoY from 3.0% in September. The National CPI ex Food, Energy eased to 4% YoY from 4.2% in the previous reading. The National CPI ex Fresh Food arrived at 2.9% versus 2.8% prior.
Market players will monitor the US housing data on Tuesday. Later this week, the highlight will be the US growth numbers on Wednesday and Personal Consumption Expenditure (PCE) inflation figures on Thursday. The US Gross Domestic Product (GDP) Annualized for the third quarter (Q3) is expected to grow to 5%. The US PCE for October is estimated to drop from 0.4% to 0.1%. These figures could give a clear direction to the USD/JPY pair.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/usd-jpy-extends-the-range-bound-theme-around-14950-ahead-of-the-us-housing-data-202311270124
