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Yen retreats amid uncertain Fed rate outlook, Dollar remains steady

Written by

Ezekiel Chew

Updated on

September 9, 2024

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Yen retreats amid uncertain Fed rate outlook, Dollar remains steady

Written by:

Ezekiel Chew

Last updated on:

September 9, 2024

The Yen weakened after recent advances, as traders waited for the Federal Reserve's upcoming interest rate decision. While the US Dollar remained stable on Monday. Uncertainty lingers whether the Fed will decide on a 25-basis-point or a 50-basis-point cut. US job data released last Friday showed mixed results keeping markets cautious.

The Dollar Index remained steady at 101.21, while the Yen dipped to 0.26% in Asia Trade. Investors are now focusing on Wednesday's US inflation report for further signals.

  • Euro: $1.1089 (+0.03%)
  • Sterling: $1.3138 (+0.06%)

The job market remains robust but lacks clarity on Fed rate cuts. Policymakers lean towards gradual easing, with inflation data being key. The Australian Dollar advanced slightly, recovering from a recent dip.

ezekiel chew asiaforexmentor

About Ezekiel Chew​

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

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Yen retreats amid uncertain Fed rate outlook, Dollar remains steady

★ ★ ★ ★ ★ 4.0
Overall Trust Index

Written by:

Updated:


Ezekiel Chew

September 9, 2024
The Yen weakened after recent advances, as traders waited for the Federal Reserve's upcoming interest rate decision. While the US Dollar remained stable on Monday. Uncertainty lingers whether the Fed will decide on a 25-basis-point or a 50-basis-point cut. US job data released last Friday showed mixed results keeping markets cautious. The Dollar Index remained steady at 101.21, while the Yen dipped to 0.26% in Asia Trade. Investors are now focusing on Wednesday's US inflation report for further signals.
  • Euro: $1.1089 (+0.03%)
  • Sterling: $1.3138 (+0.06%)
The job market remains robust but lacks clarity on Fed rate cuts. Policymakers lean towards gradual easing, with inflation data being key. The Australian Dollar advanced slightly, recovering from a recent dip.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

GET THE PROPRIETARY
ONE CORE PROGRAM

(The same system I use to make 6 figures a trade with)

RELATED ARTICLES

June 11, 2026

How to Avoid Blowing a Forex Account

Read More

June 9, 2026

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Read More

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Read More

May 29, 2026

10 Trading Discipline Every Forex Trader Needs

Read More

May 26, 2026

Top Down Analysis and Why Most Traders Still Get It Wrong

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Yen retreats amid uncertain Fed rate outlook, Dollar remains steady

★ ★ ★ ★ ★ 4.0
Overall Trust Index

Written by:

Updated:


Ezekiel Chew

September 9, 2024
The Yen weakened after recent advances, as traders waited for the Federal Reserve's upcoming interest rate decision. While the US Dollar remained stable on Monday. Uncertainty lingers whether the Fed will decide on a 25-basis-point or a 50-basis-point cut. US job data released last Friday showed mixed results keeping markets cautious. The Dollar Index remained steady at 101.21, while the Yen dipped to 0.26% in Asia Trade. Investors are now focusing on Wednesday's US inflation report for further signals.
  • Euro: $1.1089 (+0.03%)
  • Sterling: $1.3138 (+0.06%)
The job market remains robust but lacks clarity on Fed rate cuts. Policymakers lean towards gradual easing, with inflation data being key. The Australian Dollar advanced slightly, recovering from a recent dip.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

GET THE PROPRIETARY
ONE CORE PROGRAM

(The same system I use to make 6 figures a trade with)

RELATED ARTICLES

June 11, 2026

How to Avoid Blowing a Forex Account

Read More

June 9, 2026

CRT Trading Strategy: 3 Ways to Trade Candle Range Theory

Read More

June 8, 2026

How Prop Firms Work: What Traders Need to Know

Read More

June 1, 2026

How to Draw Supply and Demand Zones

Read More

May 29, 2026

10 Trading Discipline Every Forex Trader Needs

Read More

May 26, 2026

Top Down Analysis and Why Most Traders Still Get It Wrong

Read More

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