At the outset of the week, market attention is squarely focused on the upcoming release of the Fed’s preferred inflation measure, the PCE index, scheduled for Friday, alongside remarks from Federal Reserve Chair Jerome Powell following the release. Currently, the U.S. dollar is supported by persistent inflationary pressures in the country, leading strategists to revise downwards their expectations for rate cuts in 2024. Meanwhile, the Japanese Yen has managed to marginally appreciate against the dollar, despite the Bank of Japan’s first rate hike since 2007. Market speculation and warnings from Japanese officials ... (full story)