FOMC Meeting Minutes and Powell's Speech to Dominate Yen's Subsequent Trend
Publication Time:2024-08-19 20:06:07
Japan's renowned financial institution, Mitsubishi UFJ, recently released a report stating that the upcoming FOMC meeting minutes and Federal Reserve Chairman Powell's speech on Friday will have a significant impact on the subsequent trend of the yen exchange rate. Analyst Derek Halpenny believes that if the meeting minutes reveal information indicating the expected rate cut in September or if Powell clearly indicates preparation for a rate cut, this could lead to a decline in U.S. Treasury yields. A decline in U.S. Treasury yields usually prompts the yen to appreciate. Therefore, these key events are crucial for determining whether the recent continuous decline in USD/JPY exchange rate signals a weakening of the overall USD trend.
Rate Cut Expectations
Treasury Yield
USD/JPY
FOMC meeting
Yen Trend