USD/JPY Outlook: The Pair Could Extend to 2017 High in Dollar-Positive Environment

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USD/JPY Outlook: The Pair Could Extend to 2017 High in Dollar-Positive Environment

The USDJPY accelerated strongly higher on Friday (up around 0.7% in Asia/Europe), extending steep rally into fifth straight day. Strong US inflation data (Feb CPI soared to the highest since 1982) fuel expectations for Fed rate hike in the next week's policy meeting (0.25% hike is widely expected, but some bet for 0.5% increase) and […]

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Source: USD/JPY Outlook: The Pair Could Extend to 2017 High in Dollar-Positive Environment