Embedded U.S. presidential election and rate cut?!
9/11 U.S. presidential election television debate results CNN urgent television poll shows that Harris leads Trump by 67% to 33% margin of victory has been reported. Also, the same day's release of the U.S. 8 month CPI ( consumer price index) showed a higher month-over-month core index than market expectations, bringing expectations of a 0.25% rate cut at the upcoming FOMC ( Federal Open Market Committee) meeting with a priority on rate cuts. Looking ahead at financial conditions, the emergence of two major uncertainties is clarifying, and there are signs of stabilization in the U.S. stock market.. Also considering the foreign exchange demand observed in Japan’s recent international balance of payments statistics, we will explain the future path of the USD/JPY exchange rate., and the future path of the USD/JPY exchange rate.