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20 May 2015
USD/JPY rises further after FOMC minutes
FXStreet (Córdoba) - USD/JPY rose further after the release of the Federal Reserve minutes of their latest meeting and climbed to 121.46, hitting a fresh 2-month high.
The pair remained near the highs, with a bullish tone, approaching the 122.00 key resistance area. Greenback gained momentum in the market after the Fed document. Against the yen, the US dollar is about to post the fifth daily gain in a row.
Fed liftoff outlook still unclear
According to the minutes, many Fed officials saw the economic not strong enough for a rate hike in June but it was not ruled out. Stocks and bonds were mostly unchanged after the report, moving around the previous levels. Regarding the Fed, attention now turns to Friday, when Janet Yellen, Fed Chair, will deliver a speech to the Greater Providence Chamber of Commerce.
The pair remained near the highs, with a bullish tone, approaching the 122.00 key resistance area. Greenback gained momentum in the market after the Fed document. Against the yen, the US dollar is about to post the fifth daily gain in a row.
Fed liftoff outlook still unclear
According to the minutes, many Fed officials saw the economic not strong enough for a rate hike in June but it was not ruled out. Stocks and bonds were mostly unchanged after the report, moving around the previous levels. Regarding the Fed, attention now turns to Friday, when Janet Yellen, Fed Chair, will deliver a speech to the Greater Providence Chamber of Commerce.