Fed hawkish on semantics, but yen gets last word

by Ashraf Laidi

Jan 28, 2015 22:50

USD rallied against all FX with the exception of the Japanese yen-- the overall winner following today's release of the FOMC statement, which can be best summed up as less dovish than expected, or slightly more hawkish than anticipated. The resulting declines in the stock market – 195 pt loss in the Dow meant a 2.75% decline in two days, which is the biggest back-to back drop since February 2014. Full charts & analysis.

Click To Enlarge

Latest IMTs

• Why I Bought Gold & Silver
  by Ashraf Laidi | Jan 9, 2026 16:53
• Beware of US Supreme Court Ruling on Tariffs
  by Ashraf Laidi | Jan 8, 2026 19:38
• Falling to 11 Percent
  by Ashraf Laidi | Jan 7, 2026 20:28
• Dollar Cannot Wait for Q1 to End
  by Ashraf Laidi | Jan 6, 2026 12:40
• Silver's Signal to Gold Full Explanation
  by Ashraf Laidi | Dec 30, 2025 20:04