Dollar Rallies to Seven-Week High on FOMC News and US-Japan Policy Divergence
The US Dollar has reached a seven-week high after the FOMC meeting, with the DXY basket trading above the psychological level of 100.00.
This marks a fresh seven-week high in the currency and follows a higher-low last week from a technical perspective.
USD/JPY is still seen as a USD story, but Scott Bessent's comments last week hinted at something that might happen tonight during the BoJ meeting.