Tuesday, 12 May 2020

USD/JPY: US Dollar to Yen Mired by Fed Chair Powell Rate Outlook

USD/JPY edges lower as the US Dollar struggles to find direction against the Yen and other major FX peers ahead of a Fed Chair Powell speech expected to comment on negative interest rate policy.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...