USDJPY - FUNDAMENTAL LECTURE ON INTEREST HIKE.
The market is in a strong uptrend. Right now is in a consolidation, but the bull sentiment will break up the structure.
Today (14/10/2016), Yellen said the Fed might want to run a "high-pressure" policy, this can mean a expansive monetary policy, however, the market has already discount a non rate hike on October and November.
The "countdown to the FOMC" of CME, wich provide the market expectation of interest hike, after Yellen announce, the probability didnt change, and stay in 64% chance for rate hike just for December.
"countdown to the FOMC" - www.cmegroup.com/tra...untdown-to-fomc.html
Today (14/10/2016), Yellen said the Fed might want to run a "high-pressure" policy, this can mean a expansive monetary policy, however, the market has already discount a non rate hike on October and November.
The "countdown to the FOMC" of CME, wich provide the market expectation of interest hike, after Yellen announce, the probability didnt change, and stay in 64% chance for rate hike just for December.
"countdown to the FOMC" - www.cmegroup.com/tra...untdown-to-fomc.html