Fed Minutes:Officials determined that they needed to adopt and maintain a more restrictive policy stance – by fx_ross Fed
Fed officials determined that they needed to adopt and maintain a more restrictive policy stance in order to achieve their goal of lowering elevated inflation.
Several participants predicted that as policy became more restrictive, risks would become more two-sided. Following the US PPI data, the greenback rose as high as 146.88 yen. The DXy index has reached a peak of 113.59 ahead of the. USD/JPY remains near its strongest level since August 1998. It was last up 0.7% at 146.84, marking a fifth straight session of gains to a high of 146.09 so far.
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