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S&P 500 Surge and USDJPY Run Post FOMC Faces High Reversal Risk


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The Fed not only hiked rates at its meeting this past session, it warned that market that there they expect to move at every meeting through the rest of the year. Despite the implications, the S&P 500, USDJPY and other risk measures rallied in the aftermath. Can this ‘risk on’ move last? 

 

DailyFX and IG.jpg

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