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USD/JPY may be affected by the Fed's upcoming interest rate resolution announcement

USD/JPY may be affected by the Fed's upcoming interest rate resolution announcement

Bitget2024/09/18 08:02

The Federal Reserve will announce its interest rate resolution on the 19th at 02:00 Eastern 8 time, which is expected to stir the foreign exchange market.

StoneX analyst Weller said that if the rate cut of 25 basis points, the dollar may knee-jerk rise, the dollar / yen or return to 142.00 above; if the rate cut of 50 basis points, the pair may fall to 140 psychological barrier.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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