The Fed’s Fisher again mindful to not promote profilgate policy has said that the Fed will “do our job” on not monetizing deficits and pushing up inflation pressures. More sporting analogies from the Fed with Fisher saying that the US economy is “out of the end zone” on drive for recovery. Just another 100 yards to go……..
Usd/Jpy continues to slide as the market starts to price out early Fed rate hikes. Currently at 97.50, more stops are seen at 97.20, with bids in the 96.75 vicinity.
