Thursday, 2 February 2023

USD/JPY Post FOMC: Fading Recession Perceptions See Moderate USDJPY Move

Powell acknowledged the risk of complacency around disinflationary trends but markets perceived the address as dovish, lifting risk assets while USDJPY eased lower

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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...