All eyes are on the Federal Reserve’s policy decision, and investors will closely watch Chair Jerome Powell’s speech for guidance on further tightening.
The US Federal Reserve will announce its interest rate decision later today at 18:00 GMT, while Chair Powell will start his press conference at 18:30 GMT. Markets expect the US central bank to maintain rates unchanged at 5.25%-5.50% and signal a hike in November. This is because the Fed feels that inflation and the labour…
In this article, we will focus on the second most traded currency pair in the world, the USD/JPY pair.