Derived from Bpaynews, the US dollar's rebound has stalled as markets now price in roughly 70% odds of a December Federal Reserve rate cut following dovish comments from New York Fed President John Williams. USD/JPY has retreated from 158.00 and is consolidating just below that level, with key technical levels in focus. The Bank of Japan left rates unchanged, though dissenters supported a hike, and some traders now assign a 30% probability to a December BoJ move. Upcoming US data, including ADP employment and consumer confidence, will be closely watched for signs of economic momentum.
USD/JPY Consolidates Below 158 Amid December Fed Cut Odds
BpaynewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.