USD/JPY Weekly Forecast: Fed Rate Cut Offset by Strong NFP
The NFP report showed bigger-than-expected job growth in May. Traders scaled back rate cut expectations, leading to a rally in the dollar. Economists expect the headline CPI to hold steady at 3.4%. The USD/JPY weekly forecast shows renewed bullish momentum as the US labor market’s resilience clouds the outlook for Fed rate cuts. Ups and... The post USD/JPY Weekly Forecast: Fed Rate Cut Offset by Strong NFP appeared first on Forex Crunch.
The NFP report showed bigger-than-expected job growth in May. Traders scaled back rate cut expectations, leading to a rally in the dollar. Economists expect the headline CPI to hold steady at 3.4%. The USD/JPY weekly forecast shows renewed bullish momentum as the US labor market’s resilience clouds the outlook for Fed rate cuts. Ups and...
The post USD/JPY Weekly Forecast: Fed Rate Cut Offset by Strong NFP appeared first on Forex Crunch.
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