Dollar hits 7-month low, yen gains as traders wait on Jackson Hole

By X-blogger - on August 20, 2024

The dollar fell to a seven-month low and the Japanese yen hit a more than one-week high as traders awaited comments from Federal Reserve Chair Jerome Powell this week likely to hint the U.S. central bank will start cutting interest rates in September.

The Dollar fell 0.9% against the Yen in the last trading session. The RSI is giving a positive signal.
The last session saw USD fall 0.9% against JPY.
The RSI is giving a positive signal.
Support: 147.3917 | Resistance: 148.3417

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