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Japan Jibun Bank Manufacturing PMI came in at 49.7, below expectations (49.9) in August

Japan Jibun Bank Manufacturing PMI came in at 49.7, below expectations (49.9) in August
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USD/JPY edges higher above 147.00 despite Fed rate cut hopes

The USD/JPY pair gains ground to around 147.20 during the early Asian session on Monday. The Japanese Yen (JPY) softens against the US Dollar (USD) as cooling inflationary pressures in Japan undermine bets of one more interest rate hike by the Bank of Japan (BoJ) this year.
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