Fed needs to talk hawkish else USD/JPY goes through the floor – Hantec Markets

‘Fed has to move in December as credibility is at stake’, says Richard Perry, Market Analyst for Hantec Markets while explaining today’s FOMC event. Perry details ‘yield curve targeting’ adopted by Bank of Japan today and sheds light on why he thinks December Fed rate hike is likely. He goes on to detail outlook for EUR/USD, USD/JPY and Gold. Perry is joined by Tip TV’s Zak Mir and Mike Ingram, Strategist at BGC Partners.

Key points

USD/JPY – BOJ days have been bad for the pair, hence it could pair could drop sharply if Fed remains neutral/dovish.