Dollar falls against yen, US data leaves rate cut hopes intact

By X-blogger - on November 1, 2024

The dollar fell against the yen, after the Bank of Japan’s less dovish remarks and U.S. data suggested upward price pressures continue to ease, keeping the Federal Reserve on track to cut interest rates by 25 basis points next week.

The Dollar-Yen pair dropped 0.7% in the last session. The Ultimate Oscillator is giving a negative signal.
Support: 149.6 | Resistance: 154.85

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