Fed’s Symmetric Rhetoric to Boost USD
The Fed's repetitive references to tapering asset purchases and increasing them are the latest rhetorical tool in guiding market sentiment. As the economy cools off, the doves at the Fed are on a mission to restore a more symmetric rhetoric, following a hawkish narrative prevailing in the first 3 months of the year. Only this time, the yen's occasional gains during rare risk aversion become an opportunity to ... continue here...
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