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USD/JPY stays below 153.00 as BoJ Governor Ueda speaks
After spiking toward 154.00 with the immediate reaction to the Bank of Japan's (BoJ) unexpected 15 bps rate hike, USD/JPY stays slightly below 153.00. Governor Ueda said that they will keep raising rates and adjust the degree of easing if the current economic & price outlook is realized.
Gold price gains on Middle East tensions, focus is on Fed policy
Gold price (XAU/USD) exhibits a strong performance in Wednesday’s European session, with investors focusing on the Federal Reserve’s (Fed) monetary policy outcome later the day.
Solana price eyes rally as US SEC says SOL is not a security
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FOMC preview: Growing confidence of a Fed rate cut in September
US data should give officials more confidence that inflation is heading to 2% and we suspect attention will start focusing on achieving a ‘soft landing’ for the economy. This week’s FOMC meeting should lay the groundwork for a September rate cut.