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USD/JPY now awaits Fed's Powell for direction

24 days ago   |   By FXCM

FOMC minutes failed to rattle US stock markets, ending in the green.
All eyes are now on Powell at the Jackson Hole and EZ PMIS.
US stock markets were firm into the close overnight in anticipation, or the hope, of a rate cut as soon as September following a set of minutes that had something for everyone. This enabled USD/JPY to drift higher.
Wall Street finishes in the green, DJIA 240 points up post FOMC
USD/JPY has been cruising to the upside since mid-month lows and that spike to test the 107 handle. The Dollar maintains a bullish bias and the yen is floundering, unable to gain upside...
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