Market participants await the FOMC Meeting Minutes on Thursday, after the Fed had previously took a more aggressive stance to hamper inflation, by announcing its readiness to increase the benchmark interest rate up to 0.5% in the next meeting. The Fed has also increased the benchmark rate up to 0.25% on the last meeting in March, ending the era of loan cost of almost 0%. Domestically, investors await the Consumer Confidence Index data on next Friday. NHKSI Research projects JCI to move in the range of 6,900 – 7,200 this week.
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