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Forex

Yen Under Pressure Ahead of Fed, BoJ Meetings

Guavy AI Editorial Team
Instruments
USD JPY GBP
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The USD/JPY breakdown faces a major test ahead of the upcoming Fed and BoJ meetings. The Japanese Yen's short-term outlook is uncertain, with market participants waiting for key economic indicators and central bank decisions.

In related news, the US Treasury plans to buy back up to $6 billion in longer-dated debt on September 10th as part of a liquidity operation.

The GBP/USD currency pair has seen a significant surge recently, with bulls mounting a successful fightback against bears and breaking out of a descending price channel. However, the true test of trend will come later this week with high-impact inflation prints and the FOMC rate decision.

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