The past week proved to be exceptionally event-driven. The primary market catalysts were central bank interest rate decisions—specifically meetings by the US Federal Reserve, the Bank of England, and the Bank of Japan—alongside major statistical releases on inflation and consumer activity across leading global economies. The published

The sharp rally in the USD/JPY pair following the BoJ meeting and yesterday's Federal Reserve rate decision indicates a substantial capital flow into carry trades against the yen. An analysis of the yen index (SFA Index) shows that while USD/JPY is already approaching the "red