Finally some comments about the current situation
– Still expect jobless rate to fall further
– Fed is not seeing upward pressure on inflation
– We would gradually remove accommodation on our current course
Only one comment here that the market is concerned with. The buck has reacted to it with USDJPY up around 25 pips to 100.72. Cable is down in the lows again, as is the euro. USDCAD is looking the biggest gainer as it checks out the recent highs around 1.3270.