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Firas š °ļø
@firasnfts
NOMURA BANK EXPLAINS THE SCENARIOS FOR TRADING THE DOLLAR AFTER THE FED MEETING Japanese Nomura Bank published a note on Tuesday regarding its expectations for trading the US dollar with the US Federal Reserveās decision, which included scenarios for trading the US dollar according to the bankās possible decision. Nomura expects that a 25 basis point interest rate cut by the Federal Open Market Committee will initially strengthen the US dollar, but it expects the US dollar to weaken during the press conference of Fed Chairman Jerome Powell, and a larger cut could exacerbate this weakness. The bankās analysts indicated that a larger 50 basis point rate cut is likely to lead to further weakness in the US dollar, and Nomura also lowered its forecast for the USD/JPY pair, recommending selling the pair, especially if the yen recovers and the pair falls towards 143-145 yen.
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