JPY is in a technical correction and is reaching local support at 139.9.
I think this FOMC meeting officials will skip the rate hike and project hawkish sentiment for the next meeting. Some other reasons for dollar strength have also subsided.
A lot of this trade is dependent on the idea, that US inflation is going to be flat or lower then expected. This will be revealed when CPI reports.
Nothing much has changed for the JPY, except for higher inflation than usual. BOJ probably will continue its fiscal policy as is.
What do you think? Let me know in the comments below.
I think this FOMC meeting officials will skip the rate hike and project hawkish sentiment for the next meeting. Some other reasons for dollar strength have also subsided.
A lot of this trade is dependent on the idea, that US inflation is going to be flat or lower then expected. This will be revealed when CPI reports.
Nothing much has changed for the JPY, except for higher inflation than usual. BOJ probably will continue its fiscal policy as is.
What do you think? Let me know in the comments below.