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We know the Fed boss, Jerome Powell is pushing for a rate cut next month. He made that perfectly clear in his last, post FOMC address to the press. However, Powell is not the only one to decide on that outcome, as there are 11 other voters on that Fed policy setting board. Now this evening at 6pm GMT the Fed will release the minutes from their July policy meeting. So, it will be very interesting to see just what the other members are thinking and in that sense, given the backdrop the contents of these minutes could throw up some moves and perhaps more so than usual given what Powell said at the end of last month. The US stock markets will be live to all this, as will the USD/JPY. Quick News will be on hand later this evening to cover this release and if there are any clues on whether or not the comments from Powell might be echoed by his colleagues. The USD/JPY will be very much front and centre of any reaction seen in the dollar, as that pair remains by far the most volatile of all the majors. The USD/JPY has just now backed-off from a further rebound to slightly above 146 a short while ago. It is currently trading at 145.81
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