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FOREX: Greenback Under Pressure Following 50BP Fed Cut, USDJPY Prints Below 141

FOREX
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  • Greenback comes under pressure following the FOMC taking the bolder option to cut by 50bps to kickstart the easing cycle. Unsurprisingly, USDJPY seeing the largest selloff, down roughly a big figure to 141.00, and a low print of 140.81.
  • EURUSD back above the NFP highs of 1.1155 but yet to make a meaningful approach to 1.12, whereas GBPUSD spikes to a new cycle high of 1.3287, the highest level since March 2022.
  • A fade off the highs for major equity benchmarks supporting the greenback in most recent trade.
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  • Greenback comes under pressure following the FOMC taking the bolder option to cut by 50bps to kickstart the easing cycle. Unsurprisingly, USDJPY seeing the largest selloff, down roughly a big figure to 141.00, and a low print of 140.81.
  • EURUSD back above the NFP highs of 1.1155 but yet to make a meaningful approach to 1.12, whereas GBPUSD spikes to a new cycle high of 1.3287, the highest level since March 2022.
  • A fade off the highs for major equity benchmarks supporting the greenback in most recent trade.