USD/JPY rebounds as Fed speakers dampen rate cut outlook

Now that the embargo on Fed governors speaking ahead of their monetary decision has been lifted, we have a a couple of those governors sharing their thoughts now today. We have already had comments from Kashkari and just now Bostic is adding his voice to the arena. Bostic has just said, the Fed is not in a mad dash to cut rates further and will take a more balanced and data driven approach. He also said the Fed there is no assumption; that the job is yet done on fighting inflation. The bent of those comments has helped the USD/JPY to rebound further off the lows seen earlier today, at around 143.17. The USD/JPY is currently trading at 143.80, but it will be paying close attention to whatever the US PMI data has to reveal a little later this afternoon