Fed is expected to cut rates, but is it too late to the game? Intense speculation about size of cut as markers lean towards 50 bps New dot plot will also be crucial in Wednesday’s decision at 18:00 GMT Fed to join rate-cut club The timing of the Fed’s first interest rate cut of the […]
Oct 21, 2024
USD/JPY Technical: Potential Bearish Reversal in US Dollar Strength Below 200-day Moving Average
USD/JPY has rallied by 7.7% from the 16 September 2024 low with three key risk events/data for this week (Japan’s flash PMI, Tokyo CPI & general election). The recent 4-week rally in the USD/JPY has displayed exhaustion conditions. Watch the 148.95 key intermediate support. Since our last publication, the price movements of USD/JPY have extended its […]
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