Fed Chair Powell noted that the central bank will stick to 25-bps rate cuts. Traders slashed the likelihood of a 50-bps November rate cut from 53.3% to 35.4%. Economists expect a slight improvement in US job growth. The USD/JPY price analysis shows a rebound from recent lows after Powell’s hawkish remarks. Meanwhile, the yen was…
The post USD/JPY Price Analysis: Powell’s Remarks Trigger Rebound appeared first on Forex Crunch.
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