Yen continues to outperform on recession, peak yields themes. July FOMC meeting seen as “dovish,” taking USD lower. RBA, BoE meet this week – Key levels in play for AUDJPY & GBPJPY.
to cool its recent advance. Global recession fears and the market’s attempt to price a Fed pivot have pushed the Greenback lower of late, allowing for a bid into risk assets. Despite the Bank of Japan’s continued dovish stance, yield compression globally has made the Yen more attractive. If yields truly have topped, those who have milked the carry trade for much of the last two years may look to make an “Irish exit” if they haven’t done so already.
Last week, the Bank of Japan released its Summary of Opinions which reiterated the bank’s easy stance on monetary policy. The report revealed that the BoJ would “not hesitate to take additional easing measures as necessary.” Policymakers also stated that it is natural to continue easing as inflation is yet to exceed 2% “in a stable manner.” Despite the dovish stance from the BoJ, the Yen may outperform as trends shift into H2 2022.has continued to flush lower following last week’s FOMC meeting.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Technical Analysis: Appropriate Levels of PurchaseA trading week dominated by bears towards the US dollar pairs, and the price of the US dollar against the Japanese yen (USD/JPY) currency pair moved
Read more »
The teen summer job is roaring back in TexasMore teens in the state worked last summer than any year on record since 2001, census figures show. That number is likely to grow this year.
Read more »
USD/JPY: out of the woods? – RabobankAnalysts at Rabobank offered a brief preview of the USD/JPY pair and expect spot prices to oscillate in a broader trading range between the 130-135 ps
Read more »
Someone Please Give This Torched JDM Supra a Second Lease on LifeThis JDM Supra import had an unlucky run in with a bit of fire. You can buy it and bring it back to life.
Read more »
GBP/JPY marches towards 162.50, downside remains favored ahead of BOE policyThe GBP/JPY pair has witnessed a mild upside momentum and is marching towards 162.50 gradually. On a broader note, the asset has turned sideways after
Read more »