USDJPY: Fed and target!

Sphyn-Trader Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Fundamental Overview

The lowering of the Consumer Price Index indicates a decreased likelihood of the Federal Reserve imposing new rate hikes, which is welcomed by the market. This presents a strong argument for a pause. As a result, investors are increasingly anticipating rate cuts, which is causing the Greenback to decrease in value. Important numbers to note include the Consumer Price Index and the potential for rate cuts.[/i

Fed feels more comfortable with receding inflation

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