The Fed is Tracking Improving Labor Market Conditions – Wells Fargo

The Wells Fargo Research Team view the US Fed to begin raising short term interest rates around the middle of 2015 as employment conditions continue to improve.
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USD/JPY retreats from highs

The greenback is now losing the grip vs. the Japanese yen, dragging USD/JPY back to the mid-115.00s from earlier peaks near 115.90...
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