Dollar/yen, after the Bank of Japan and Federal Reserve/People's Bank of China policy rate announcements, is a pause in the pullback after the adjustment?
【9/23Market Overview
Tokyo time, while Japan is on a holiday, the morning trend of selling yen and buying dollars continued, and the USD/JPY rose to144.45yen. After that, the USD/JPY faded gradually. In European hours, the USD/JPY was20past 9 o'clock briefly143.16yen before recovering, with buybacks taking the lead thereafter.NYtime, Kashkari, president of the Minneapolis Fed, said that future rate cuts will be on modest steps; Bostic, president of the Atlanta Fed, said that “a 0.50% rate cut at this meeting does not determine the pace of future cuts,” etc., and US02-year yields rose, causing USD/JPY to rise to144.34yen. However, when the US10year yield fell, USD/JPY slipped to143.25yen.
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