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USD/JPY: US Dollar Weakens After Statements from Federal Reserve Chair

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Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during the conference, the Fed Chair almost ruled out a rate hike as the next step, emphasizing the monetary policy’s independence […]

The post USD/JPY: US Dollar Weakens After Statements from Federal Reserve Chair appeared first on Action Forex.

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