From Investing.com: 2024-09-17 09:22:00

This week is crucial as the Fed prepares to make its interest rate decision. Speculation centers on whether rates will be cut by 25 or 50 basis points to address inflation and recession concerns. Recent unemployment data and CPI numbers may influence the decision. The dollar has recently weakened, and a 25-point cut could cause a slight gain, while a 50-point cut would likely lead to further decline. Watch for a potential “buy the rumor, sell the news” market reaction, with the possibility of a rally. COT data indicates high JPY holdings, suggesting a potential reversal. USD/JPY shows five waves down, indicating room for recovery.BOJ also scheduled this week.



Read more at Investing.com: USD/JPY at Key Support Zone Ahead of FED and BOJ