Institution: The USD/JPY may remain volatile in the range of 144.50-151.40 this week.

On August 19, Jin10 Data reported that Kumiko Ishikawa, an analyst at Sony Financial Group, said that the USD/JPY may fluctuate between 144.50 and 151.40 this week. All eyes are focused on the speech by Fed Chairman Powell at the Jackson Hole annual symposium later this week. The market has fully digested the expected 25 basis point rate cut by the Fed in September and believes that there is about a 30% chance of a 50 basis point cut. This means that the USD may fluctuate violently in either direction depending on Powell’s comments.

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