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USD/JPY Outlook: Hits 6-Month Top on Fed’s Rate Hike Bets
Fed officials indicated that the central bank still has further steps to take. There’s a stark contrast between a still-hawkish Fed and an extremely dovish BOJ. Money markets estimate a roughly 20% likelihood of another 25bps Fed hike in June. Today’s USD/JPY outlook is bullish. On Tuesday, USD/JPY hit a six-month high. This occurred as … Continued The post USD/JPY Outlook: Hits 6-Month Top on Fed’s Rate Hike Bets appeared first on Forex Crunch...
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Posted: May 23 2023, 08:32
Author Name: forexcrunch
Views: 081585