USD/JPY

Around 13.5% of daily trades. Known as “Gopher,” this pair is popular for its stability and low spreads, influenced by U.S. and Japanese monetary policies.

USD/JPY

Dollar Dips on Powell’s Hawkish Hints of September Rate Cut

The US dollar declined as Fed Chair Powell’s testimony suggested a potential rate cut as early as September, citing signs of a cooling labor market and easing inflation pressures. Markets now price nearly 80% chance of a September cut, boosting the euro and yen while Treasury yields fall. Economic data ahead will be crucial. #Forex #FederalReserve #USD

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