Bank

Jerome Powell

Chair

Jane

Giant

Rabobank, a Dutch multinational banking and financial services company, has expressed its view that the Japanese yen will continue its upward trend against the US dollar in the coming months.
This forecast stems from the bank's expectation that the Bank of Japan (BOJ) will raise interest rates further, while the Fed will lower interest rates.
The Fed is expected to cut interest rates by 25 basis points in September and make another cut before the end of the year, while the BOJ is likely to raise interest rates further, according to a report by Jane Foley, currency strategist at Rabobank.
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“From a six-month perspective, we expect USD/JPY to fall to 142, which would be roughly in line with expectations for the timing of the BoJ's next rate hike,” Foley said in his report.
According to CME Group 30-Day Fed Fund futures prices, the market expects a 50 basis point cut in September for 55% of the time, and a 25 basis point cut for 45%. Fed Chair Jerome Powell signaled a rate cut in September in his July statement, but did not provide information on the level.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/giant-dutch-bank-reveals-forecast-for-feds-interest-rate-decision-in-september/" rel="noopener noreferrer nofollow">Giant Dutch Bank Reveals Forecast for FED’s Interest Rate Decision in September</a>

Giant Dutch Bank Reveals Forecast for FED’s Interest Rate Decision in September

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