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USD/JPY Forecast: Hits 3-Month Lows Amid Dovish Fedspeak

Started by forex4you, Dec 02, 2022, 09:16 am

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Dec 02, 2022, 09:16 am
USD/JPY Forecast: Hits 3-Month Lows Amid Dovish Fedspeak

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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