EXH: Dollar To Yen Exchange Rate Falters As Odds Of 2016 Fed Rate Hike Seem Limited
Thanks to an unenthusiastic investor reaction to the latest Federal Reserve rate decision the US Dollar has trended lower across the board, benefitting the Yen despite a decline in safe-haven demand.
Expectations have been building for the deployment of further stimulus measures in Japan, a prospect which has dragged significantly on the Japanese Yen (JPY) in the midst of increasing market risk appetite.
Speculation over the policy outlook of the Federal Reserve has also been driving movement on the US Dollar to Japanese Yen (USD/JPY) exchange rate in recent days, with investors struggling to weigh up the odds of a 2016 interest rate hike.
With US data proving mixed at best the USD/JPY exchange rate has been prompted to trend lower, as the inconclusive nature of the ecostats and persistent negative global headwinds have seemed to dent the likelihood of a hawkish move from the Fed.
