USD/JPY remains under pressures near 150.50, US core PCE Inflation heats up

Source Fxstreet
  • USD/JPY continues to face selling pressure even though the US core PCE inflation for February came in higher-than-expected.
  • Investors brace for reciprocal tariffs from the US to be unveiled by President Donald Trump on Wednesday.
  • Hotter-than-expected Tokyo CPI data has strengthened the Japanese Yen.

The USD/JPY pair is down more than 0.3% near 150.50 in North American session on Friday. The pair remains on the backfoot even though the United States (US) core Personal Consumption Expenditure Price Index (PCE) data for February has come in hotter-than-expected. The US core PCE Inflation – which excludes volatile food and energy – items rose at a faster pace of 2.8% year-on-year compared to estimates of 2.7% and the prior release of 2.6%.

The Federal Reserve (Fed) also anticipated its preferred inflation gauge to average at 2.8% by the year-end in the last week’s monetary policy meeting in which it left interest rates in their current range of 4.25%-4.50% and guided that they are not in a hurry to make adjustments due to lack of clarity on US President Donald Trump’s tariff agenda.

Hotter-than-projected US core PCE inflation data is expected to boost expectations for the Fed hold borrowing rates at their current levels for an extended period.

Meanwhile, investors brace for the announcement of reciprocal tariffs by US President Trump on Wednesday. Trump is poised to unveil a detailed tariff plan for his all trading partners to fix bloated trade deficit. Market participants expect Trump tariffs to result in an economic slowdown and a resurgence in inflationary pressures across the globe.

On the Japanese Yen (JPY) front, hot Tokyo Consumer Price Index (CPI) data for March has prompted expectations of more interest rate hikes by the Bank of Japan (BoJ) this year. Hot inflation data has also strengthened the Japanese Yen against its peers.

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.02% -0.04% -0.30% 0.01% -0.06% 0.15% 0.10%
EUR 0.02%   -0.03% -0.33% 0.02% -0.05% 0.15% 0.10%
GBP 0.04% 0.03%   -0.25% 0.05% -0.02% 0.19% 0.13%
JPY 0.30% 0.33% 0.25%   0.32% 0.25% 0.46% 0.41%
CAD -0.01% -0.02% -0.05% -0.32%   -0.07% 0.12% 0.08%
AUD 0.06% 0.05% 0.02% -0.25% 0.07%   0.21% 0.14%
NZD -0.15% -0.15% -0.19% -0.46% -0.12% -0.21%   -0.05%
CHF -0.10% -0.10% -0.13% -0.41% -0.08% -0.14% 0.05%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

Tokyo CPI data rose by 2.9% in 12 months to March, faster than 2.8% growth seen in February. Japan’s capitals CPI data – which excludes Fresh Food – accelerated by 2.4% against estimates and the former release of 2.2%.

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changedRate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
Author  Irene Q.
Sep 23, Wed
Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
placeholder
Strong profits, falling shares: bank earnings day one meets a memory-chip rout — with CPI and ASML aheadGoldman Sachs blew past estimates (EPS $17.01 vs $13.09 expected, profit +33%) while JPMorgan missed ($5.75 vs $5.93) and Wells Fargo fell 3% — yet the S&P 500 finished flat at 7,805.45, pinned below its record close as a memory-chip rout (SOX −2.67%, Micron under $1,000) kept the pressure on. Tonight brings the week's decider: US September CPI at 8:30 ET, then Bank of America, Morgan Stanley, BlackRock and ASML before the open. Here are the levels, both cases, and the watch list.
Author  Irene Q.
Oct 14, Wed
Goldman Sachs blew past estimates (EPS $17.01 vs $13.09 expected, profit +33%) while JPMorgan missed ($5.75 vs $5.93) and Wells Fargo fell 3% — yet the S&P 500 finished flat at 7,805.45, pinned below its record close as a memory-chip rout (SOX −2.67%, Micron under $1,000) kept the pressure on. Tonight brings the week's decider: US September CPI at 8:30 ET, then Bank of America, Morgan Stanley, BlackRock and ASML before the open. Here are the levels, both cases, and the watch list.
placeholder
US September CPI recap: inflation hits 3.7% as core runs hot — is an October Fed hike back on the table?September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
Author  Irene Q.
22 hours ago
September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
placeholder
Gold defends $4,100 as BofA targets a break below $4,000 — why the Middle East bid is missingSpot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.
Author  Irene Q.
21 hours ago
Spot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 15, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 15, 2026. Read on for the details.
Author  Mitrade
21 hours ago
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 15, 2026. Read on for the details.
Related Instrument
goTop
quote