NY foreign exchange market = dollar weakens one step, FRB September interest rate cut suggests yen is high for the first time in 4 months

August 1, 2024 6:10 AM GMT+9 (some excerpts)

In the New York foreign exchange market, the dollar expanded in response to the fact that the US Federal Reserve (FRB) suggested the possibility of deciding to cut interest rates at the next September meeting.
The yen hit a four-month high against the dollar in response to the Bank of Japan's decision to raise interest rates at the 30-31 monetary policy meeting. 149.63 yen, which is the high price since March 19 at 1 point, was added. At the end of the transaction, it was 149.91 yen, which was 1.87% higher.
The FRB decided to leave interest rates unchanged at the Federal Open Market Committee (FOMC) held from 30-31. FRB Chairman Powell stated at the press conference after the FOMC that there is a possibility that interest rate cuts will be discussed at the FOMC as early as September.