USD/JPY bulls are moving in as Tokyo traders come on line USDJPY Currencies DollarIndex Fed
business activity made a surprise return to modest growth, sinking the DXY index as investors weigh the Federal Reserve vs. the European Central Bank.
For instance, analysts at Brown Brothers Harriman have also of the opinion that the market is underestimating the potential for a higher for longer Federal Reserve. ''Core Personal Consumption Expenditures, PCE, has largely been in a 4.5-5.5% range since November 2021,'' they said.
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