 The FOMC hiked the Fed Funds rate last week by 50bps to bring the overnight rate to 4.5. In addition, the Feds Summary of Economic Projections SEPs showed that most members believe the terminal rate for interest rates during this hiking cycle will be 5.1 in 2023, up from 4.6 in Septembers projections. The bond ... The post Currency Pair of the Week: USDJPY appeared first on Action Forex... 