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.
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