The pair is trading above 111.00 but below the highs of 111.38. Fed Chair Powell does see inflation accelerating and the economy overheating. His words sent the US Dollar down across the board and US-Chinese trade talks have ended inconclusively in Washington, setting the stage for further tariffs. So far, the Japanese yen has not received safe-haven flows but next week USD will go down according to fundamentals and technicals so sell the pair and make profit and you can able to see the same in below picture. The pair is trading above 111.00 but below the highs of 111.38. Fed Chair Powell does see inflation accelerating and the economy overheating. His words sent the US Dollar down across the board and US-Chinese trade talks have ended inconclusively in Washington, setting the stage for further tariffs. So far, the Japanese yen has not received safe-haven flows but next week USD will go down according to fundamentals and technicals so sell the pair and make profit and you can able to see the same in below picture. 