USDJPY hovers around 120.80s for the first time in six years
The pair has since eased back to just above the 120.50 mark, but continues to trade with on-the-day gains of about 0.9%, taking its on-the-month gains to nearly 5.0%. The yen continues to suffer at the hands of a bearish combination of dovish BoJ rhetoric and higher/rising yields elsewhere and is the worst-performing G10 currency on Tuesday by a substantial margin.
The main driver of the move higher in yields that has propelled USD/JPY to multi-year peaks has been the Fed’s hawkish shift in its policy guidance. In wake of the central bank’s policy announcement last Wednesday and Fed Chair Jerome Powell’s speech on Monday, markets are upping their bets that 1) the Fed moves more quickly to lift rates and 2 that the Fed takes interest rates higher than so-called “neutral” .
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.
USDJPY Forecast, News and Analysis - FXStreetCheck our updated for USDJPY News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News.
Read more »
EURUSD Forecast, News and Analysis - FXStreetCheck our updated for EURUSD News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News
Read more »
USDCAD Forecast, News and Analysis - FXStreetCheck our updated for USDCAD News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News.
Read more »
EURUSD Forecast, News and Analysis - FXStreetCheck our updated for EURUSD News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News
Read more »
Gores Guggenheim Stock News and Forecast: GGPI and other EV makers not immune to price hikesGoresGuggenheim stock is a SPAC taking Polestar public. Polestar is a Volvo-backed EV manufacturer that has already launched in Europe, $GGPI stock is a retail favorite and subject to some wild swings by ivanbrian9 stocks trading
Read more »
Boeing Stock News and Forecast: Market not giving up on BA shares after Guangxi crashShares of Boeing (BA) retreated 3.6% on Monday after one of the company's 737-800s piloted by China Eastern Airlines crashed in Guangxi, China, with 1
Read more »