Yesterday, the Fed held a meeting, after which the dollar began to sell off massively.
Investors were set for 4 interest rate increases this year. However, according to the speech of Jerome Powell during the press conference, it became clear that this year there are likely to be only three upgrades.
Despite an increase in the interest rate by 25 basis points and good data on the labor market, the dollar began to decline relative to the basket of major currencies.
The yen is trading at the level of November 2016 against the dollar, and now the pair is looking down. There are several levels of support. However, given the trend, we will expect a further decline of our pair.
Investors were set for 4 interest rate increases this year. However, according to the speech of Jerome Powell during the press conference, it became clear that this year there are likely to be only three upgrades.
Despite an increase in the interest rate by 25 basis points and good data on the labor market, the dollar began to decline relative to the basket of major currencies.
The yen is trading at the level of November 2016 against the dollar, and now the pair is looking down. There are several levels of support. However, given the trend, we will expect a further decline of our pair.