Fed Chair Powell says the time has come for policy to adjust

Also said we don't seek or welcome further cooling in job market conditions

He also said confident inflation on sustainable path to target

US yields US2YT=RRUS10YT=RR fell as took the US$ lower with them

DE-US spreads US2DE2=RR tightened which helped EUR/USD turn positive

Pair rallied to 1.11558 on EBS, traded up +0.34% at start of Powell presser

Rising RSIs, hold above 5-DMA, consolidation give techs a bullish lean

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