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EUR/JPY trading - FOMC Meeting - 15 Mar 2017

EUR/JPY trading chart 15 Mar 2017
Traders and investors alike are bracing for another 25 basis points rate hike from the U.S. Federal Reserve today. This will effectively put the U.S. short term fed funds rate in the range of 0.75% - 1.00%. The increase in the interest rate comes as the U.S. economy continues to show heightened economic activity while inflation has also become firmly anchored above the Fed's 2.0% inflation target rate.
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