{"id":80807,"date":"2023-03-01T22:41:19","date_gmt":"2023-03-01T18:41:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=80807"},"modified":"2023-03-02T00:32:53","modified_gmt":"2023-03-01T20:32:53","slug":"usd-jpy-pressured-after-us-ism-pmi-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-jpy-pressured-after-us-ism-pmi-data\/03\/01\/market-updates\/","title":{"rendered":"USD\/JPY pressured after US ISM PMI data"},"content":{"rendered":"\n<p>Despite rising US Treasury bond yields, the USD\/JPY pair was unable to gain momentum. According to December&#8217;s 2022 dot-plots, the Fed policymakers who made the Wednesday poking are still anticipating rates at roughly 5.25 percent.<br><br>Although input costs have increased, manufacturing activity in the US is still at a low level, which has traders concerned about more Fed tightening.<br><br>The USD\/JPY pair is still under pressure after the US ISM Manufacturing PMI for February fell short of predictions, despite recent US economic data to the contrary. Nonetheless, a number of subcomponents show that prices are rising once more. The USD\/JPY currency pair is now trading at 136.08.<br><br>Once the ISM report was released, stock prices are fluctuating. The rating was 47.7, below February&#8217;s forecast of 48, indicating that the Fed&#8217;s aggressiveness is still having an effect on manufacturing. A closer look at the report reveals that the Prices Index increased to 51.3, above the 45.1 predictions, causing the US Dollar Index (DXY) to soar to 136.31 and the USD\/JPY to rise to 51.3.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite rising US Treasury bond yields, the USD\/JPY pair was unable to gain momentum. According to December&#8217;s 2022 dot-plots, the Fed policymakers who made the Wednesday poking are still anticipating rates at roughly 5.25 percent.Although input costs have increased, manufacturing activity in the US is still at a low level, which has traders concerned about &hellip;<\/p>\n","protected":false},"author":13,"featured_media":62091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,9784,7201],"class_list":["post-80807","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-ism-pmi","tag-usd-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=80807"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80807\/revisions"}],"predecessor-version":[{"id":80812,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80807\/revisions\/80812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62091"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}