USDJPY dived on Kuroda’s comments but its drag on other currencies did not sustain.

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

Unknown unknowns

USDJPY dived on Kuroda’s comments but its drag on other currencies did not sustain. There has been some re-pricing of a potential Fed Move in Sep. Recent weeks have shown that Brexit presents too many unknown unknowns for corporates, financial institutions and central banks to even panic. Most are on a wait-and-see mode like ECB, BOE and even BI. That provides a window of opportunity for Fed to lift rates in Sep. Fed Fund futures implied probability of a Fed hike shows ...