Fed Interest Rates

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USD/JPY Bounces Back to 156 and Eyes 160.00 Intervention

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The USD/JPY pair is currently positioned between 155.8 and 156.0, having made a significant recovery from the 152.0 level reached during last week’s de-leveraging concerns. The pair has regained the 155.0 level, reached an intraday peak close to 155.98, and is currently approaching a significant resistance zone between approximately 155.5 and 156.5. The specified zone … Read more

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USD/JPY Approaches 154 as Fed Maintains 3.50–3.75%

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The recent decision by the Federal Reserve to maintain the target range at 3.50%–3.75% following a 10–2 vote positions US monetary policy distinctly above Japan’s near-zero rates, resulting in an immediate strengthening of the US Dollar and a firmer USD/JPY exchange rate. Two governors advocated for a 25 bp reduction, yet the majority highlighted “solid” … Read more