Warned of possible early cuts in U.S. rates and political interference in U.S. monetary policy, USD/JPY briefly moved into the 143 yen area
【6/26Market Overview
In Tokyo time, some reports said “President Trump is considering an early nomination for the nextFOMCChairman,” sparking expectations of selecting a dove who is aggressive in monetary easing, leading to broad dollar selling. The USD/JPY fell from yesterday’s low of144.60yen below144.57yen. In European time, dollar selling emerged on expectations of early rate cuts in the U.S. and concerns about political interference in U.S. monetary policy, pushing USD/JPY down to143.75yen, and after the selling eased, it recovered to the upper144yen level. In NY time, with no new catalysts, USD/JPY traded around144yen area with range trading.144yen, consolidating at the lower
【6/27Market View
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