USDJPY/USDCHF dips modestly. Fed Governor more dovish | Forexlive
Gov. Waller is dovish in his comments a few days after the Fed kept rates unchanged and after Fed Powell was more cautious on the impact on inflation from tariffs. Waller is not worried about the total impact. He says that the Fed could cut as early as July. The Dow is up 111 point. The Nasdaq is up 65 points and the S&P is up 15.13 points now.
The USD is modestly lower on the comments.
The USDJPY has moved down from a high of 145.71 to 145.54 (it is modest). The high going back to last week was at 145.47. The 50% of the range since the May high is at 145.375. If the sellers are to take more control, the price needs to get below those levels.
The USDCHF has dipped off it’s highs at 0.8176. The price is trading at 0.8162. The 100 and 200 hour MAs are at 0.8159. If the price moves below those MAs, it would tilt the bias more to the downside technically – at least in the short term.
USDCHF technicals
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