FX Weekly Outlook: Could the market hold firm? Dollar selling and yen buying may ease after the US and Japanese central bank meetings — Fisco

The story

Expectations of a BOJ rate hike heightened market caution, sending USD/JPY temporarily plunging into the 153 range.

After the US and Japanese central bank meetings, some market participants expect dollar selling and yen buying to ease, with the market likely to reach a key juncture.

The release of the US Consumer Price Index (CPI) prompted dollar buying, bringing a renewed surge in activity to the foreign exchange market.

Attention is expected to remain focused on further developments.

At a glance

BOJ rate outlookUSD/JPY plunged into the 153 range on expectations of a BOJ rate hike

U.S. CPIThe dollar recovered as US CPI drove buying

Market driversDollar selling and yen buying may ease after the US and Japanese central bank meetings

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What it links to

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