USDJPY Technical Analysis – Fed “insider” Timiraos weakens the USD ...Middle East

Fundamental OverviewYesterday, around 1:00 PM ET, WSJ’s Timiraos published an article which seemed like suggesting that a 50 bps cut is still being discussed. The market responded by raising 50 bps cut probabilities to around 43% from 13% before the news. Nick Timiraos is considered a Fed “insider”, so the market is attentive to all of his pieces concerning potential Fed decisions.The probabilities for the Fed to cut by 50 bps at the upcoming meeting stand now around 43% and a total of 115 bps of easing by year-end. For the BoJ, the market sees a 100% probability of no change at the upcoming meeting and a total of 8 bps of easing by year-end. USDJPY Technical Analysis – Daily TimeframeOn the

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