Speaking in NY
Fed’s Rosengren is out with his hawkish comments:
Hawkish comments indeed but the Fed president is NOT a voting member in 2017.
The USDJPY has moved a bit higher and recovers to the close from yesterday at 114.25. The 200 bar MA on the 4-hour chart comes in at 114.346. The high just reached 114.315.
Fed’s Rosengren: May need to hike rates more aggressively than 3 times per year
