MUFG says Fed communications this week could send JPY higher still
globalreutersAugust 19, 20241 Mins read 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.
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