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USDJPY Technical Analysis

The Federal Reserve yesterday surprised the market by maintaining interest rates at 5.00-5.25% but revising the projected terminal rate in the Dot Plot by adding 50 basis points. The Fed's decision to pause at this meeting was aimed at gathering more economic data before considering another potential rate hike in July. This approach is supported by the weaker details in the latest NFP report and further disinflation in the latest CPI report, although the core readings remain persistently high.Du... Read More

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Posted: Jun 15 2023, 11:12

Author Name: forexlive

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