USD/JPY to 155.63 on high US yields, Fed more circumspect?
USD/JPY as high as 155.63 on high US yields, maybe a more circumspect Fed
Asia 155.33-58 EBS, on higher perch despite as eyed US CPI nL1N3MK0KL
Fed-speak suggests pace of easing may slow on growing uncertainties
General view Trump presidency to up inflation, being reflected in Fed view?
Plenty of less dovish comments late yesterday, to keep US rates firm?
Yield on US Tsy off from 4.376% high but firm @4.292%, 10s firm @4.452%
USD/JPY highest since 155.99 on July 24, next key resistance @156.00
Decisive break of 156.00 projects test towards 157.00, 157.09 high July 23
Japanese importer, spec bids eyed on dips to and below 155.00, supportive
Nearby option expiries 154.50 $884 mln, 155.00 $593 mln, 156.50 $597 mln
Stronger USD/JPY likely to elicit Japanese verbal intervention
But actual intervention difficult? Trump trade, shifting Fed view, unknowns
Related comments nL1N3MK104, nL1N3MK0A4, nL1N3ME031, also nL1N3MK16C
US markets nL1N3MK0TX, nL1N3MK1C7, nL4N3MK19O, nL1N3MK04X
On Fed-speak nL1N3MK0SH, on Trump presidency nL1N3MD1WT, nL1N3MJ0ZC
On the Trump trade nL1N3MK1AN, for more click on FXBUZ
USD/JPY: https://tmsnrt.rs/4fhw10Z
USD/JPY nearby option expiries into next week: https://tmsnrt.rs/48NoZia
Yield on US Treasury 10s: https://tmsnrt.rs/4fLmFdB
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
