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As predicted by ALEXIA, USDJPY continues to maintain a strong upward trend above 148.00 USD due to a decrease in risk appetite among market participants, which has reduced the attractiveness of risk-sensitive currencies. This asset has rallied strongly from 149.40 on expectations that the potential economic recovery in the United States could warrant a higher interest rate hike from the Federal Reserve.
According to the CME Fedwatch tool, traders see an 85% chance of no change in interest rates in the range of 5.25-5.50% until the end of the year.
As predicted by ALEXIA, USDJPY continues to maintain a strong upward trend above 148.00 USD due to a decrease in risk appetite among market participants, which has reduced the attractiveness of risk-sensitive currencies. This asset has rallied strongly from 149.40 on expectations that the potential economic recovery in the United States could warrant a higher interest rate hike from the Federal Reserve.
According to the CME Fedwatch tool, traders see an 85% chance of no change in interest rates in the range of 5.25-5.50% until the end of the year.
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