With the DXY at a level of resistance, the USD will weaken over the coming weeks. That being said, USDJPY has already started its bearish reversal at the top of a trend line acting as resistance.
With the expectations of the FED raising interest rates by another 25 basis points, this should create some volatility in the USD. However, since the FED has already raised rates once this year, the market will react more based off of what FED Chairman Jerome Powell discusses for the future of our economy and rate expectations for the remainder of this year....
With the expectations of the FED raising interest rates by another 25 basis points, this should create some volatility in the USD. However, since the FED has already raised rates once this year, the market will react more based off of what FED Chairman Jerome Powell discusses for the future of our economy and rate expectations for the remainder of this year....
