Fed Preview: Three scenarios and their implications for EUR/USD and USD/JPY – TDS

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Fed Preview: Three scenarios and their implications for EUR/USD and USD/JPY – TDS
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Fed Preview: Three scenarios and their implications for EUR/USD and USD/JPY – TDS Fed EURUSD USDJPY InterestRate Banks

“Fed delivers a 25 bps rate hike, and while the FOMC likely will acknowledge the more uncertain economic environment, especially for credit conditions, it will also emphasize credit tightening does not appear to be outsized whereas the inflation dynamic remains significantly out of sync with its inflation mandate. As such, the FOMC considers additional tightening is needed. USD/JPY 138+, EUR/USD 1.08.

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