09/18/2015 - USD/JPY flounders under a dovish Fed

* USD/JPY flounders under a dovish Fed
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities
* Global Data Highlights

At its highly anticipated September meeting, the Federal Reserve chose to remain on the sidelines in light of a deteriorating global economy and soft inflation domestically, which is overshadowing evidence of a broad US economic recovery. The bank left the target range for the federal funds rate at 0-0.25% by a vote of 9-1. The lone dissenter, Lacker, voted to raise the target rate by 25 basis points, which is in complete contrast to one unknown Fed member who placed a dot below the zero line, hinting at the unlikely possibility of negative interest rates.

Overall, most policy makers still expect the Fed to raise interest rates by 25 basis points this year, although the number who anticipate a rate hike this year has recently shrunk. Three policy makers now expect the Fed to remain on hold until next year..... Full text »

Facebook | Twitter | YouTube

from FOREX.com's Weekly Strategy http://ift.tt/1d8RLLQ