USD/JPY plunges after the Federal Reserve decided to cut rates by 25 basis points, while providing a dovish forward guidance, paving the way for further easing. At the time of writing, the pair trades volatile within the 146.70-145.50 range.
The ECB remains well-positioned to keep rates steady as wage growth trends lower, reinforcing confidence in inflation returning to target and supporting EUR/USD’s ongoing uptrend, BBH FX analysts report, BBH FX analysts report.
European Commission (EC) President Ursula von der Leyen acknowledged she communicated with United States (US) President Donald Trump, and will instruct the EC to accelerate proposals to clamp down on Russian market access in retaliation for failing to reach a peacefire agreement with Ukraine.