Strong US economic data will put a brake on the dollar's downward trend, which was triggered by the Fed minutes. The data could re-ignite expectations the Fed will raise interest rates at least twice this year.
Strong U.S. economic data will put a brake on the dollar's downward trend, which was triggered by the Fed minutes. The data could re-ignite expectations the Fed will raise interest rates at least twice this year.
Market players have been refraining from selling the yen before the release of the CPI data. But now, they know that the BOJ is unlikely to change their current monetary policy for a while and the United States continues to have higher interest rates than Japan.
Market players had been refraining from selling the yen before the release of the CPI data. But now, they know that the BOJ is unlikely to change their current monetary policy for a while, and the United States continues to have higher interest rates than Japan.