The USDJPY retraces the declines from the FOMC rate decision last wk.Is the high in place? ...Middle East

The US dollar has been the strongest currency over the last three-days rebounding from a recent sharp selloff you, as confidence grows that the Federal Reserve has concluded its cycle of interest rate hikes. That move higher took the USDJPY back above the 150.00 level yesterday and to the 151.00 level today. Traders are still monitoring the Japanese yen's performance above the 150 level against the dollar for potential intervention. Many traders and analysts anticipate a slowdown in the U.S. economy in the fourth quarter, diminishing the likelihood of further rate hikes and undermining the attractiveness of the greenback, which has benefited from the relative strength of the U.S. compared t

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