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USD/JPY falls to fresh session lows underneath 144.75 after dovish Fed minutes
The minutes taken from the Fed July policy meeting have now been released to the markets. The detail of those has seen that a vast majority of Fed voters saw a September rate cut as appropriate. Indeed some actually wanted a cut in July.. Ahead of this release the dollar was continuing to lose ground. The GBP/USD had tested the 1.3100 handle and as advocated, the EUR/USD had lifted above the December 2023 high, at 1.1139 and pressed towards 1.1160. The impact of these meeting minutes has certainly not sent the dollar any higher as one might expect and immediately the USD/JPY has fallen to a fresh session low underneath 145. The low seen so far has been set at 144.67. It is just now trading at 144.76
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