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In the red across the Majors

USD
  • The Dollar is in the red across the major, as the street look for a Dovish tilt from Mr Powell later today, although we could get disappointed with plenty more important data releases ahead of the next Fed meeting.
  • The Yen has again seen a volatile session, already over 100 pips range and up 0.48% against the Greenback on the back of Hawkish comments from BoJ's Ueda.
  • Despite the decent range, USDJPY is still within Yesterday's wide range of 144.85/146.53 (low/high).
  • Market participants are keeping a close eye on Cable and the 2023 high of 1.3141, which is also the highest print since April 2022, managed a 1.3121 high Yesterday, testing now at the time of typing.
  • Bailey will be in Jackson Hole later today, Text is expected for release at 16.00BST, and the event to start at 20.00BST.

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