EUR/USD, USD/JPY, DXY flows: Key highlights from Fed SEP pivot, stepping $ higher

Key highlights from the FOMC Sep, as Fed funds projections lifted higher

Market expectations for this year validated with upside skew, 2027 slightly below though largest number see the extra hike delivered, narrowing the gap

EUR/USD breaks down to around 1.1475~, 61.8% retracement, with 1.1420 below

USD/JPY squeezed, running into potentially heavier supply at 116~, though BoJ also needs to validate to limit later in week