USD/JPY churns post-Fed rate cut, FOMC delivers 25 bps rate trim
USD/JPY roiled just north of the 153.00 handle on Thursday as investors grapple to find something motivational after the Federal Reserve (Fed) widely met market expecations and delivered a quarter-point interest rate cut on November 7. One more rate call meeting remains on the docket for 2024, and market participants remain cautiously optimistic that the Fed has at least one more 25 bps rate trim in the bag for the year.
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