Wednesday, 4 May 2022

USD/JPY Susceptible to Larger Pullback amid Preset Path for Fed Policy

USD/JPY may face a larger pullback over the coming days as the Federal Reserve warns that a “75 basis point increase is not something the committee is actively considering.”

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...