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After rising to 115.52 on Wednesday, the highest for the USD/JPY since January 2017, largely in response to the release of US inflation and consumer s

7/7/2021 10:52:46 PM GMT Fed officials discuss tapering asset purchases but without timing. “Substantial further progress” not yet evident for the whole FOMC. Recent market trends continue, S&P sets record, Treasury yields fall, dollar gains. The Federal Reserve taper discussion is out in the open, but unlike its mention in the April FOMC minutes, which sparked considerable volatility, markets took almost no notice of the commentary. Minutes of the Federal Open Market Committee  (FOMC) meeting on June 15-16 offered no new information on timing or the economic conditions for reducing the ...

7/7/2021 1:48:11 AM GMT Fed minutes of June 15-16 FOMC may contain clues for taper policy. Suggestions of higher US rates will drive the dollar and Treasury yields higher. Federal Reserve rhetoric continues to stress the incomplete job recovery. Treasury rates have fallen since the June 16 meeting but the dollar has gained. The minutes of the April FOMC meeting were the opening move in the Fed’s long gambit to introduce higher interest rates without creating an economically destabilizing plunge in bond prices and a concomitant surge in yields. June’s minutes, which will likely include a d...

3/15/2021 8:56:39 AM GMT | By FXStreet Team Key quotes “With another vast stimulus package now law, and the pandemic ending, the economic growth potential for the US economy is very strong. The Atlanta Fed GDPNow track for the first quarter is 8.4% annualized. Unless there is a change in circumstances the 10-year yield could be 2% in relatively short order. The USD/JPY will accompany rising US interest rates.” “The Federal Reserve meeting on March 16 and 17 is the main event in the coming week. There will be no policy developments but the first Pr...

The USD/CAD came to rest at the 1.2470 support on Friday, a level not visited since February 2018. The bias is lower because technical support is weak