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Jul 17 - 08:36 PM
USD/JPY - Retreats On Fanciful Fed Rate Cut Expectations
First appeared on eFXplus on Jul 17 - 07:05 PM
  • USD/JPY drifts lower as chances of Fed 50 bps cut in July jumps to 35%
  • Hurt by fall in U.S. yields on concerns over never ending US-China trade war
  • Wall Street decline weighs; Netflix shares tumble 13% in after-hours trading
  • BOJ will swiftly mull easing if momentum derailed -Kuroda nL8N24I2E3
  • Japan trade data Thur, option hedges strangle pre-Fed volatility
  • Support 107.80,107.55-60, resistance 108.15, 108.35; 107.50-109.00 into Fed?

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

Refinitiv IFR Research/Market Commentary


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