Currency: What's Happening With the US Dollar & Japanese Yen?
The currency market is experiencing volatility as the US dollar and Japanese Yen changed course after the Feds FOMC meeting. The US dollar outperformed gold, crude, and Brent oil, all local currencies including Yen before the Fed meeting on Wednesday. However, things went downhill for the USD currency on Thursday as it slipped from 104.20 to 103.27 within hours on Thursday. Also Read: US Dollar King: Beats Gold, Local Currencies & Crude Oil in 1 Day Source: MarketWatch The Japanese Yen gained strength against the US dollar after the Feds meeting leading the USD currency to slide. The Fed’s updated quarterly economic projections indicate the personal consumption expenditures price index will rise by 2.6% by the end of 2024. The Central Bank projected a 2.4% rise in personal consumption expenditures, excluding food and energy in December last year. Currency Updates: The US Dollar vs Japanese Yen For March Mid-Week Source: FXstreet.com Leading currencies like th...