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USD/JPY eyes Fed minutes
The yen has edged lower on Thursday in what has been a quiet week. In the European session, USD/JPY is trading at 148.72, up 0.36%. Will Fed minutes provide clues for November meeting? The Federal Reserve will release the minutes of the September meeting later today. That meeting was a milestone as the Fed delivered an oversized rate of 50 basis points, the first cut in over four years. The minutes should provide some insights into the Fed’s reasoning for the jumbo rate cut and perhaps clues as to its rate path. The September cut came after back-to-back employment reports were weaker than expected. What can we ... (full story)
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- Posted: Oct 9, 2024 10:52am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,600
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