Focus - Currency Matters September 2024

The Fed is expected to begin their rate cut cycle on 18th September, adding to bear USD pressures. Much depends on other central bank actions of course, but on balance it looks like Fed cut expectations will be narrowing yield spreads over the EUR and GBP strip. The BoJ is not done with hikes, which should keep supporting the JPY. On the charts, watch the USD/JPY Y140 area trigger for big moves again! If you would like to read our report, contact us at info@tricio-advisors.com.