Yen slides as the risk mood improves ...Middle East

I didn't see anything particularly notable from Powell as he remained in a 'wait-and-see' mode. If anything, he didn't sound overly worried about rising inflation expectations or tariff inflation. Still, pricing for a rate cut in May has come down today to 36% from as high as 60% earlier in the week and close to 50% yesterday.

On the USD/JPY chart, there is something of a double bottom.

This article was written by Adam Button at www.forexlive.com.

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