Dollar Weakens on Soft US Data, Yen Remains at 38-Year Low
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#332a5058 ver:0.56
The weakening US dollar and 38-year low for the yen are reversing as softer US economic data raises expectations of Fed rate cuts. The USD/JPY pair retreats from its peak, prompting traders to prepare for possible Japanese government intervention. The market now prices in a 68% chance of a US rate cut in September. The yen's value is influenced by the Japanese economy, Bank of Japan policy, bond yield differentials, and risk sentiment. #USD #JPY #economy #Fed #forex...
#newstr #Dollar #Yen #UsEconomy #InterestRates #NonfarmPayrolls #CurrencyIntervention #UkElections #FrenchElections #Sterling #Euro #Bitcoin #Ether
https://here.news/story/332a5058?ver=0.56
US Dollar Shows Signs of Recovery Amid Weakening Economy and Rate Cut Expectations /
npub18c…5qe5a
2024-07-04 06:03:51
Author Public Key
npub18cflnv72tfg9ulkhjwvjtz270e6492crytv7scu2sguncsm29wgqq5qe5aPublished at
2024-07-04 06:03:51Event JSON
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"content": "Dollar Weakens on Soft US Data, Yen Remains at 38-Year Low\n===============\t\n#332a5058 ver:0.56\n\nThe weakening US dollar and 38-year low for the yen are reversing as softer US economic data raises expectations of Fed rate cuts. The USD/JPY pair retreats from its peak, prompting traders to prepare for possible Japanese government intervention. The market now prices in a 68% chance of a US rate cut in September. The yen's value is influenced by the Japanese economy, Bank of Japan policy, bond yield differentials, and risk sentiment. #USD #JPY #economy #Fed #forex...\n\n#newstr #Dollar #Yen #UsEconomy #InterestRates #NonfarmPayrolls #CurrencyIntervention #UkElections #FrenchElections #Sterling #Euro #Bitcoin #Ether \n\n https://here.news/story/332a5058?ver=0.56",
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