with the U.S. Federal Reserve from May, another sign that March's financial market volatility is essentially over.
"I see a prospect for a stronger yen on the back of monetary tightening in Japan but also because we're reaching the end of the tightening cycle in the U.S.," he added. "The euro has performed well against most currencies recently because of the optimism around the outlook for the euro zone economy and the market anticipating more rate hikes from the ECB ," Danske Bank's Pedersen said.told Politico that a 50 basis point rate hike was not off the table and would depend on data - notably inflation figures due two days before May's meeting.
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