Rabobank: The Fed may cut interest rates by 25 basis points in September and cut again before the end of the year

Jane Foley, a foreign exchange strategist at Rabobank, said in a report that the Fed is likely to cut interest rates by 25 basis points in September and cut rates again before the end of the year. The analyst said: "From a six-month perspective, we expect USD/JPY to fall to 142, which would be roughly in line with expectations about the timing of the next Bank of Japan rate hike." Rabobank said that with the Bank of Japan likely to raise interest rates further and the Federal Reserve should start cutting interest rates in September, the yen looks set to continue its gains against the dollar in the coming months. (Jinshi)