Preview of the Federal Reserve's Decision: USD/JPY Most Sensitive to the Decision Outcome
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According to foreign media reports, the Federal Reserve will announce its interest rate decision at 02:00 on the 19th Beijing time, undoubtedly stirring up the foreign exchange market. The USD/JPY is considered one of the currency pairs most sensitive to interest rate decisions. StoneX analyst Weller stated that a 25 basis point rate cut could lead to a sharp rise in the US dollar, with the USD/JPY potentially returning above the key level of 142.00; a 50 basis point rate cut could push the currency pair down towards the psychological level of 140
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