Powell said interest rate increases could be cut back “as soon as December.” US yields dropped overnight to a nearly two-month low of 3.6% after Powell. There is a 91% probability that the Fed will reduce its rate increase to 50bps in December. Today’s USD/JPY forecast is bearish. The dollar hovered near a three-month low … Continued
The post USD/JPY Forecast: Hits 3-Month Lows Amid Dovish Fedspeak appeared first on Forex Crunch.
Read Full Story
- USD/JPY Outlook: Tokyo’s Consumer Inflation Climbs to 42-Yr High - January 30, 2023
- EUR/USD Forecast: Euro on Course for a 4th Monthly Gain of 1.5% - January 30, 2023
- EUR/USD Weekly Forecast: Will Fed’s Soft Landing Impact Euro? - January 28, 2023