FOMC: June is a live meeting – ANZ

Research Team at ANZ, notes that as expected, the FOMC left interest rates unchanged, and left the door open for a June hike.

Key Quotes

“Whether the threshold is crossed depends on the path of US data between now and then.

The FOMC dropped its reference to global economic and financial developments posing risks, but it noted domestic growth had slowed. Overall, the statement was relatively market neutral.”

JPY: All-Japan core inflation rate lower than consensus – Nomura

Research Team at Nomura, notes that in March the all-Japan core CPI (general index excluding fresh food) fell 0.3% y-y, below the consensus of -0.2% (Bloomberg survey median) and down from 0.0% in February.
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USD/JPY: 200-day MA should underpin market - Commerzbank

Karen Jones, Head of FICC Technical Analysis Research at Commerzbank AG, shares her technical analysis on USD/JPY, noting that the 200 month moving average at 105.86 should underpin the market at this stage.
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