USD to gain on expected 25bp FOMC rate cut. USD/JPY forecast range today.

Author: Eamonn Sheridan | Category: Central Banks

MUFG in NY with their call for the Fed in July:

  • 25bps not 50bp
  • retail sales data due from the US Tuesday will not be strong
  • Keep an eye  on Fed officials speaking, be wary of comments that could change perceptions of what the FOMC will do in July

For USD/JPY:
  • MUFG expecting 107.80/108.50 for today   


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