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Powell hints at rate cut, yen and aussie dollar rise over 1%

Summary: According to reports from FXStreet, following Powell's hint at a rate cut, the USD/JPY fell over 1% intraday, now trading at 146.87. The EUR/USD touched 1.17 to the upside, with an intraday increase of 0.83%. The AUD/USD rose over 1% intraday, now at 0.6485.

According to reports from FXStreet, following Powell's hint at a rate cut, the USD/JPY fell over 1% intraday, now trading at 146.87. The EUR/USD touched 1.17 to the upside, with an intraday increase of 0.83%. The AUD/USD rose over 1% intraday, now at 0.6485.

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