MUFG: Fed meeting minutes and Fed Chairman Powell's speech will determine the subsequent direction of the yen

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ODAILY
08-19
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Odaily Odaily News: Mitsubishi UFJ said that if the Fed's meeting minutes this week and Fed Chairman Powell's speech on Friday push down U.S. Treasury yields, the yen may appreciate further against the dollar. Analyst Derek Halpenny said in a report that the minutes may provide an indicator of the expected rate cut in September. Powell's speech at the Jackson Hole Symposium on Friday may also indicate that the Fed is ready to cut interest rates. These events are very important in determining whether the recent decline in the dollar against the yen indicates that the dollar will be generally weaker for some time. (Jinshi)

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