USD/JPY bulls take control into the 133s USDJPY CPI Currencies DollarIndex Fed
A slew of data and the Tokyo fix combined have seen the price vault 133 the figure on Friday. Being the end of the month and quarter-end FX fixes, volatility is kicking in while otherwise, as analysts at ANZ Bank said, ´´the focus is shifting away from bank wobbles and back to macroeconomics.´´
´´Comments from Fed officials have been mixed with Jerome Powell indicating last week that the impact of the recent turmoil in the banking system could be the equivalent of 25bp of tightening,´´ analysts at ANZ Bank said. ´´However other Federal Reserve officials have pointed out that more tightening will be required if inflation risks persist.´´
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