TOKYO : The dollar remained firm below a two-decade high versus major peers on Tuesday, as investors braced for the Federal Reserve to continue its aggressive interest-rate-hiking campaign to rein in overheated inflation.
Investors have fully priced another 75 basis point bump by the Federal Open Market Committee for Wednesday, and lay 19 per cent odds for a super-sized full percentage point increase. The Bank of Japan decides policy on Thursday, and is widely expected to keep its ultra-easy stimulus settings unchanged. They include pinning the 10-year yield near zero."Dollar-yen will eventually break above 145, but the speed depends on how hawkish the Fed is, and developments in interest rate differentials."
Source: Financial Digest (financialdigest.net)
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