USD/JPY approaches annual lows amid a weak dollar - London Business News | Londonlovesbusiness.com
Briefly

"Investors are now pricing in more than a 40% chance of a potential 50 basis point interest rate cut by the Fed at the end of next week's meeting, reflecting market concerns over slowing economic growth and its impact on the dollar."
"This shift in expectations has led to a drop in US Treasury yields, which, in turn, has pulled the USD/JPY pair down as lower yields reflect a weaker dollar."
"On the other hand, the Japanese yen continues to gain strength, supported by hawkish signals from the Bank of Japan, suggesting that interest rates could be raised if economic forecasts align with future expectations."
Read at London Business News | Londonlovesbusiness.com
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