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USD/JPY Forecast: Rally Pauses as Investors Await Fed Rate Cut

by Forex Crunch
November 7, 2024
in Forex Analysis
Reading Time: 1 min read

Trump won the US presidential election. The Federal Reserve will likely cut rates by 25-bps later today. The likelihood of a December Fed rate cut fell from 77% to 67%.   The USD/JPY forecast shows a slight pullback amid a strong bullish surge as the focus shifts from Trump’s win to the upcoming FOMC policy…
The post USD/JPY Forecast: Rally Pauses as Investors Await Fed Rate Cut appeared first on Forex Crunch.
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