Yen Jumped as Fed Powell Knocked Down Dollar and Yields

[PocketOption]

Yen Jumped as Fed Powell Knocked Down Dollar and Yields

The tone of the markets was well set by Fed Chair Jerome Powell’s indication of smaller rate hike in the upcoming FOMC meeting. The biggest reactions were found in treasury yields, which decline was surprisingly steep. US stocks ended higher but upside momentum appeared to be diminishing. Dollar was sold off broadly and closed as […]

The post Yen Jumped as Fed Powell Knocked Down Dollar and Yields appeared first on Action Forex.

Source: Yen Jumped as Fed Powell Knocked Down Dollar and Yields