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Jun 25 - 09:48 PM
USD/JPY - Recovers As Aggressive Fed Rate Cut Bets Rethought
First appeared on eFXplus on Jun 25 - 07:40 PM
  • USD/JPY claws back some ground as bets on Fed 50 bps cut in July cool
  • Raging rate cut fever subsides after comments from Fed's Bullard , a dove
  • Powell comments also prompt rethink from doves
  • Rally capped as hopes on US-China trade progress fade, Gulf tensions rise
  • Cautious trading to prevail ahead of Trump-Xi talks
  • Support 106.90, 106.60-70, cluster of lows in April 2018; res 107.40-50

Bets on bold first rate-cut from the Fed png: Click here

Source:
Refinitiv IFR Research/Market Commentary

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