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The JPY is the strongest and the USD is the weakest as the NA session begins

The JPY is the strongest and the USD is the weakest as the North American session begins. Today at 2 PM ET (see preview here), the FOMC will announce their decision on interest rates. The expectations are for 25 basis points that would take the rate to the terminal rate outlined in the dot plot at the Feds last meeting (between 5% – 5.25% fed funds range). The odds of doing nothing did move down to the mid-80s yesterday after the KRE regional bank ETF tumbled -2.6% yesterday ($-2.60). Today that... Read More

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Posted: May 3 2023, 12:14

Author Name: forexlive

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