USD/JPY bears stay in control after dovish FOMC minutes – by fx_ross USDJPY Currencies Technical Analysis DollarIndex
''The minutes support our forecast that the top of the target range will peak at 5.00% next year,'' analysts at Rabobank said. ''However, while inflation may have peaked, we think its persistence poses an upside risk to our forecast. It is also why we do not expect the Fed to pivot before 2024.''The price is trading between 138.50 and the wick to 137.65 on the downside and 142.25 on the upside.
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