The USD/JPY pair has shown some recovery after dropping to near 139.66 in the early London session. The asset is expected to recapture the crucial resistance of 140.00 as investors are hoping that the Federal Reserve (Fed) will raise interest rates further to bring down sticky United States inflation. S&P500 futures have carry-forwarded losses to Europe generated in the Asian session, indicating cautious market sentiment. US economic prospects are under threat as the street is anticipating that more interest rate hikes are required to keep building pressure on US Consumer Price Index (CPI). Former Richmond Fed ... (full story)