The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday. The downside of the Japanese Yen could be limited as investors’ caution prevails ahead of the BoJ policy decision on Friday. CME FedWatch Tool indicates that the likelihood of a Fed rate cut in September decreased to 61.5,…
GBP/USD struggles to gain ground around 1.2715 in Monday’s early European session. The pair keeps the negative vibe below the 100-period EMA, with bearish RSI indicator on the 4-hour chart. The first downside target is seen in the 1.2700–1.2701 zone; the next upside barrier is located at 1.2795. The GBP/USD pair trades in negative territory…
AUD/USD posts modest gains around 0.6670 in Friday’s early Asian session. The softer US employment data this week triggered the Fed rate cut expectation in September. RBA’s Bullock said the central bank won’t hesitate to hike again if inflation remains sticky. The AUD/USD pair trades with mild gains near 0.6670 on Friday during the early…