Expectations of a rate cut by the Fed are like a mirage!

As of the end of last year, the forecast for the number of U.S. rate cuts this year was6times, but as of this month it has fallen to1times. With economic indicators in Japan and Europe remaining weak, considering the U.S. economy’s relative outperformance, there is a substantial likelihood that expectations for further rate cuts this year could vanish. We will examine the gap between the U.S. economic reality and market expectations, and forecast the future USD/JPY direction.