Mitsubishi UFJ: The minutes of the Federal Reserve meeting and the speech of Federal Reserve Chairman Powell will determine the future direction of the yen
On August 19th, Kin's data showed that if the minutes of the Fed's meeting this week and Fed Chairman Powell's speech on Friday push down U.S. Treasury yields, the yen against the dollar may further appreciate. Analyst Derek Halpenny said in a report that the minutes may provide an indicator for the expected rate cut in September. Powell's speech on Friday at the Jackson Hole Symposium may also indicate that the Fed is prepared to cut interest rates. These events are very important for determining whether the recent decline in the dollar against the yen indicates a general softening of the dollar for a period of time.
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Mitsubishi UFJ: The minutes of the Federal Reserve meeting and the speech of Federal Reserve Chairman Powell will determine the future direction of the yen
On August 19th, Kin's data showed that if the minutes of the Fed's meeting this week and Fed Chairman Powell's speech on Friday push down U.S. Treasury yields, the yen against the dollar may further appreciate. Analyst Derek Halpenny said in a report that the minutes may provide an indicator for the expected rate cut in September. Powell's speech on Friday at the Jackson Hole Symposium may also indicate that the Fed is prepared to cut interest rates. These events are very important for determining whether the recent decline in the dollar against the yen indicates a general softening of the dollar for a period of time.