MUFG says Fed communications this week could send JPY higher stillMUFG highlight both the Federal Open Market Committee (FOMC) minutes (July 31 meeting) due on Wednesday
- 1800 GMT / 1400 US Eastern time
And Federal Reserve Chair Powell speaking at Jackson Hole on Firday
- 1400 GMT / 1000 US Eastern time
MUFG flag the risk of lower US yields if the FOMC/Powel is/are dovish, could send the yen higher again. The minutes are expected to reveal more on the potential scale of a September rate cut. Ditto for Powell on Friday.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: MUFG says Fed communications this week could send JPY higher still (https://www.forexlive.com/centralbank/mufg-says-fed-communications-this-week-could-send-jpy-higher-still-20240819/)
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