Mitsubishi UFJ Financial Group: Considering the possibility of the Federal Reserve cutting interest rates by 50 basis points in the near future.

Hirofumi Suzuki, Chief Foreign Exchange Strategist at Sumitomo Mitsui Banking Corporation in Tokyo, stated that the slightly weaker-than-expected US employment report will not prompt the Federal Reserve to cut interest rates by 50 basis points at the September meeting. However, with previous revisions, this outcome suggests that the Fed may cut rates by 50 basis points, depending on indicators after next month. (FX678)