Credit Agricole: Scope for USD/JPY rally on Powell’s speech at Jackson Hole | Forexlive
USDJPY daily
Credit Agricole sees potential for a rally in USD/JPY this week, driven by market reactions to Fed Chair Jerome Powell’s upcoming speech at Jackson Hole, as investors position around US-Japan rate differentials.
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Credit Agricole expects that the USD/JPY could rally following Powell’s speech at Jackson Hole, as the market may reassess its aggressive pricing of Fed rate cuts, with 150 being a critical resistance level.
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