<p>USD/JPY rose overnight. The USD rose against all majors overnight. </p><p>ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-7-mar-powell-leans-toward-an-acceleration-toward-50-bps-20230307/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 7 Mar: Powell leans toward an acceleration toward 50 bps</a></li></ul><p>Expectations of more hikes ahead, for longer, are accelerating:</p><ul><li><a href="https://www.forexlive.com/centralbank/blackrock-says-federal-reserve-could-hike-rates-to-6-the-hold-for-an-extended-time-there-20230307/" target="_blank" rel="follow" data-article-link="true">BlackRock says Federal Reserve could hike rates to 6%, hold for an extended time there</a></li></ul><p>As for the yield curve inversion … 40 years!!!</p><ul><li><a href="https://www.forexlive.com/centralbank/us-yield-curve-inversion-the-recession-indicator-is-its-deepest-in-40-years-20230307/" target="_blank" rel="follow" data-article-link="true">US yield curve inversion, the recession indicator, is its deepest in 40+ years</a></li></ul><p>Yen slammed:</p>
This article was written by Eamonn Sheridan at www.forexlive.com.
