Investors panicked on Monday that the US economy was heading for a recession. The ISM reported that the services PMI rose from 48.8 in June to 51.4 in July. Markets are pricing in a 75% chance of a 50-bps Fed rate cut in September. The USD/JPY outlook is slightly bullish as the yen pauses its…
The post USD/JPY Outlook: Dollar Rebounds on Upbeat PMI Data appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- GBP/USD Price Analysis: UK Employment Gains Fuel Rebound - September 10, 2024
- AUD/USD Outlook: Downside Bias Intact Ahead of US CPI - September 10, 2024
- USD/CAD Outlook: US and Canadian Jobs Data Push Buyers - September 9, 2024
