Fed’s dovish shift a mixed blessing for BOJ rate hike plan
By X-blogger - on August 26, 2024The U.S. Federal Reserve’s dovish shift will likely give the Bank of Japan some respite in its battle to tame a weak yen, but could complicate its efforts to raise interest rates if the two central banks’ diverging policy paths keep markets jittery.
The Dollar-Yen pair traded sideways in the last session. The MACD is giving a positive signal.
Support: 142.5233 | Resistance: 147.4233
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