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USD/JPY stretches gain to 75 pips after Waller

The latest leg higher in USD/JPY came after Waller laid out a scenario where his two choices for the June 14 FOMC meeting are to either hike or to tee up a high in July.Now, he's a hawk so he might not represent what the Fed will do and he leaned heavily on the data so it's certainly not set in stone. For now though, the trend is for a higher dollar and the USD/JPY chart illustrates that. it's breaking to new highs today and confirming that the March top has broken. It's come with yields rising,... Read More

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Posted: May 24 2023, 16:51

Author Name: forexlive

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