Technical Analysis: USD/JPY - Thursday, Oct. 16
USDJPY fell below the first support at 150.90 as the market still faces a second support around 149.75.
GBP/USD Forecast: 1.3470 At Sight Amid Mixed UK Data, Fed Rate Cuts Bets
UK GDP indicates modest growth, while dovish Fed expectations weakened the dollar.
Trade Truce Hopes Weaken Dollar
The US dollar remains under pressure following Fed Chair Powell's dovish speech signaling no opposition to October rate cuts and a potential end to quantitative tightening.
Australia’s Labor Market Is Cooling
The Australian dollar weakened below $0.650 on Thursday, reversing the previous session’s gains, after a weaker employment report revived expectations of an RBA rate cut.
