Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee repeated on Thursday that he fells "somewhat uneasy" with frontloading too many rate cuts based on jobs numbers slowing, per Reuters.
We don't really buy into the story that geopolitics has driven the dollar stronger this week. If investors were substantially more worried about military conflict at NATO's eastern border, CEE currencies would be a lot weaker, as would German equity markets.
The USD/JPY pair rises to near 148.80 during the early Asian session on Thursday. The US Dollar (USD) strengthens to near its highest in three weeks against the Japanese Yen (JPY) due to a fresh round of risk aversion across the financial markets and a cautious tone from the US central bank.