USD/JPY drifts lower ahead of FOMC.
【9/15Market Overview
Tokyo time, with Japan being a holiday, USD/JPY remains range-bound around147yen. In European hours, USD/JPY faces no fresh catalysts and drifts lower.NYtime,FOMC(9/16–17)), with a near-certain expectation of a rate cut, leading to broad dollar selling and USD/JPY dropping to147.23yen. Additionally, President Trump posted on hisSNSthat “it’s too late. Rates must be cut now, and by a larger amount than initially anticipated. Home prices are going to surge,”leading the Fedto reconsider implementing a “substantial” rate cut.
【9/16Market View
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