External broker reports(aggregated public sources), Mizuho

Mizuho

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>The dollar/yen pair is expected to slide in September</li><li>The pair was swayed by the contents of the Trump administration’s tariff policies after the tariffs came into force, but this trend will ease off in September, with attention instead focusing on US and Japanese monetary policy</li><li>There are growing fears that the employment situation is deteriorating in the US, with the FOMC likely to begin lowering rates again in September with a -25bp rate cut</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The dollar/yen pair is expected to slide in SeptemberThe pair was swayed by the contents of the Trump administration’s tariff policies after the tariffs came into force, but this trend will ease off in September, with attention instead focusing on US and Japanese monetary policyThere are growing fears that the employment situation is deteriorating in the US, with the FOMC likely to begin lowering rates again in September with a -25bp rate cutContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JPY

Mizuho Dealer's Eye (Sep, 2025)