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Fed's Brainard answering questions: economic outlook not changed despite threat of trade wars

Fed's Brainard has been answering questions:

  • Fed's Brainard: will be very cautious that core bank leverage, liquidity reforms remain 'quite robust'.
  • Fed's Brainard: has greater confidence that gradual rate hikes needed; less focused on under-performance of inflation.
  • Fed's Brainard: financial conditions inform U.S. Monetary policy decisions.
  • Fed's Brainard: economic outlook not changed depite threat of trade wars, too early to tell.

GBP/JPY dumps ahead of Tokyo, still trying to grasp 147.00

The GBP/JPY pair is down in the overnight session but seems to have hit the brakes for now, trading into 146.90 as of writing. The Sterling whipped a
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AUD/JPY keeps losses after Aussie Q4 GDP release

AUD/JPY ran into offers around the 200-hour MA earlier today and fell to a session low of 82.01 after Gary Cohn (Trump's top economic aide) announced
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