USD: Powell confirms what's largely priced - MUFG

(LTJ Manager - 15 Oct) The USD has weakened a little further during the Asian trading sessions following selling yesterday, helped by growing optimism in France that PM Lecornu has done enough to avoid defeat in a government no-confidence motion, and more importantly, in response to comments from Fed Chair Powell, who gave a speech on balance sheet policy. In the speech to the National Association for Business Economics, Powell was clear that labor market risks were to the downside given the economy was 'at a place where further declines in the job openings might very well show up in unemployment'.