
USD/JPY Gains After Federal Reserve Rate Cut
The USD/JPY pair rose toward 146.80 after the U.S. Federal Reserve cut interest rates by 0.25% and political uncertainty grew in Japan.
#USD/JPY#Federal Reserve#Bank of Japan
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The USD/JPY pair rose toward 146.80 after the U.S. Federal Reserve cut interest rates by 0.25% and political uncertainty grew in Japan.
The Euro dropped from a yearly high against the U.S. Dollar after the Federal Reserve's 25 bps rate cut was seen as hawkish by markets.
The British Pound strengthened against the U.S. Dollar after the Federal Reserve cut interest rates by 25 basis points and signaled more cuts are likely in 2025.