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USD/JPY edges back above 148 following another Fed re-think
Since the last update here, the USD/JPY has edged higher. It has just lifted back to around 148.10 having fallen earlier this morning to 147.65. One driver for the move could have stemmed from yet another global investment bank putting back their timing for the first Fed rate cut. A short while ago this one comes from Barclays, who previously had penciled in a Fed cut in July. They have now put that back to December. Of course the US CPI data may yet stand in the way of further upside for the USD/JPY today and of course it will be front and centre of any market reaction to that data. The USD/JPY is currently trading at 148.06
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