XE Market Analysis: Europe – Dec 15, 2016

The dollar rallied following the Fed’s 25 bp rate hike and signal of three more rate hikes in 2017, more than had been anticipated. USD-JPY led the way, rallying to a 10-month high of 117.86. ). The pairing had been trading around 115.25 ahead of the Fed’s announcement. The Federal Reserve’s policy contrasts to the BoJ’s, which earlier this week announced it would ramp up purchases of debt maturing in 10 to 25 years as part of its “yield curve control” policy. The 2016 high at 121.68, seen back in late January, provides a target for USD-JPY bulls. EUR-USD dove…

Source: XE news feed
XE Market Analysis: Europe – Dec 15, 2016