MUFG says Fed communications this week could send JPY higher still

[forex4you]

MUFG says Fed communications this week could send JPY higher still

MUFG 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

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