USD/JPY: Trade Imbalances

The Fed meets later in the week and is expected to raise another .25%, but the big question is: will it be the last? The data has, for the most part been solid, however, the signals from the new Chairman have been mixed. There is a lot of chatter circulating, both within and outside of the Fed, about a pause in June, and Ben Bernanke has been at pains to explain that any pause could be quickly re-started. In any case, the commentary following the meeting is likely to be the key event of the week and is sure to be the most dissected statement of the week. Read More....