【Mitsubishi UFJ: Even if the Federal Reserve Signals Rate Cuts, the Decline of the Dollar May Be Limited】Derek Halpenny, an analyst at Mitsubishi UFJ, stated in a report that Federal Reserve Chairman Powell may signal future rate cuts in Wednesday's meeting, but any decline in the dollar could be limited against the backdrop of the conflict between Israel and Iran. He noted that given the employment market and inflation data being weaker than expected, the overall tone of Powell's speech could be interpreted as 'dovish', suggesting rate cuts. This may lead to a slight increase in expectations for rate cuts after September. However, the willingness to sell the dollar may temporarily weaken until the outlook regarding the Israel-Iran conflict becomes clearer.