Analyst: Trump increases risk of pressuring the US dollar, yen will attempt to reclaim the 150 level
ChainCatcher News, according to Golden Ten Data, analyst Win Thin stated that the Trump administration is taking well-considered risks; while currency depreciation is certainly beneficial, the consequences could be unimaginable if the situation gets out of control. He pointed out that the weakness of the US dollar deserves close attention, and the yen is expected to rebound, attempting to recover the 150 level. It is expected that the Bank of Japan will raise interest rates by 50 basis points, while the Federal Reserve will cut rates by 75-100 basis points.
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