USDJPY ticks to a new high for the year.
The USDJPY is ticking up to new highs as yields move higher after the FOMC rate decision and comments Overall, Powell leaned mildly hawkish — not aggressively so, but the weight of his comments tilted that way. The key tells:The hawkish core was his refusal to commit to cuts without inflation progress, the dot plot shift toward fewer cuts, and his explicit unwillingness to prioritize employment over inflation.
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