EUR/USD, USD/JPY: risk mood fades as hawkish Fed talk curbs Monday's rally
Global markets were subdued on Tuesday after Monday's tech-led rally. The source reports no specific currency moves, pip figures or technical levels. Two factors weighed on sentiment. First, Federal Reserve officials made hawkish comments. Second, investors were cautious ahead of President Trump's address to the United Nations General Assembly on Tuesday. For dollar pairs such as EUR/USD and USD/JPY, the Fed commentary is the main fundamental driver, as hawkish rhetoric tends to shape expectations for US interest rates. Traders may watch for headline risk from the UN address and for further Fed commentary to see whether the weaker risk tone persists after Monday's gains.
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