USD/JPY stays pressured towards 115.00 on softer yields, sour sentiment By anilpanchal7 USDJPY RiskAppetite Politics Fed YieldCurve
Anxiety over Russia-Ukraine issue, Fed’s next move weighs on risk appetite.Japan’s trade deficit rose to largest since January 2014, second-tier US will decorate calendar.
The yen pair dropped the previous day as the market’s indecision over the US Federal Reserve’s next move, as well as lack of clarity on the de-escalation of the Russia-Ukraine tensions. It’s worth noting that the latest Japan trade numbers failed to weigh on the JPY due to its safe-haven appeal. It’s worth noting that yields on 20-year Japanese Govt Bond rose to a new high since February 2017, at 0.72% by the press time, whereas the US 10-year Treasury yields also dropped 2.3 basis points to 2.024% at the latest. Also portraying the risk-off mood are the downbeat prints of Japan’s Nikkei 225 index and S&P 500 Futures, down 0.45% and 0.25% at the latest.
On the other hand, the Federal Open Market Committee Minutes also showed the hawkish concerns among the board members even if marking no strong support for a 0.50% rate hike in March.
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