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17 Dec 2014
USD/JPY moves higher in the Fed aftermath
FXStreet (Córdoba) - After a period of hesitation, USD/JPY climbed to fresh daily highs during Yellen speech after Fed Chair said being “patient” to normalize monetary policy should be understood as “at least a couple of meetings”. However, Yellen emphasized there is not a preset or predetermined timing and all will remain data dependant.
USD/JPY pushed higher toward the 118.40 zone despite the dovish-ish tone of the Federal Reserve, asking markets for patience.
“Ultimately, if you think the Fed is dovish, you’re still left with the question “if not the US dollar, then what?” and the alternatives are wanting”, said Adam Button, editor at ForexLive. “This looks like real money that was sidelined ahead of the Fed that’s pouring in now”.
USD/JPY pushed higher toward the 118.40 zone despite the dovish-ish tone of the Federal Reserve, asking markets for patience.
“Ultimately, if you think the Fed is dovish, you’re still left with the question “if not the US dollar, then what?” and the alternatives are wanting”, said Adam Button, editor at ForexLive. “This looks like real money that was sidelined ahead of the Fed that’s pouring in now”.