“How Will the Markets React to Powell Remaining as Fed Chair?” – Marc Chandler

How Will the Markets React to Powell Remaining as Fed Chair?
Marc Chandler from Bannockburn Global Forex discusses the FOMC reappointment of Jerome Powell and how the markets may react moving forward.
More importantly, what happens to the bond market and do yields on the lower end of the curve continue to flatten?
Marc Also discusses the USDJPY rally which he predicted last time he was with the Trader Summit community. Is there further to go or have we reached the range highs once again?
Marc also talks about the aggressive move in the USDTRY and how the Turkish Lira was down over 10% in a day, and what to make of this move.
0:00 – Marc Chandler
01:00 – Why did Jerome Powell remain as the Fed Chair?
11:45 – Breakout in the USDJPY
Bannockburn Global Forex
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