JPY rock solid and Fed’s dovishness in play, Brexit or not

Posted on June 21st, 2016

The Fed FOMC was quite dovish and pessimistic by downgrading the outlook for rates over the medium term to reflect a weaker outlook for US growth potential.  This may reinforce the weaker USD trend that has taken hold since early this year.  The Fed has proven very sensitive to the payrolls report and even more […]