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The 10-year JGB yield has continued to push higher to 1% together with 3-month and 6-month overnight indexed swap (OIS) rates in Japan at 0.12% to 0.17% The JPY has failed to strengthen despite the bullish movements in JGB yields and OIS rates. Broad-based US dollar strength and the deceleration in the lagging core-core CPI […]

The post USD/JPY: JPY Weakness Back in Vogue At Least for the Short-Term appeared first on Action Forex.

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16/08/2024

Strong US Retail Sales Send Yields Soaring

In focus today Today we get UK retail sales data for July at 8.00 CET. According to polls from Reuters, analysts expect overall retail sales to grow by 0.5% m/m and retail sales excl. fuels to grow by 0.8% m/m. In the US, the University of Michigan Consumer Sentiment survey is released at 16.00 CET. […]
03/05/2024

US: Job Gains Lose Some Momentum in April, Unemployment Rate Ticks Up to 3.9% 

Non-farm employment rose by 175k in April, below the consensus forecast of 240k. Job gains in the two prior months were also revised lower by a combined 22k. Private payrolls rose 167k, with most of the gains concentrated in health care & social assistance (87k), transportation & warehousing (21.8k) and retail trade (20.1k). Meanwhile, information […]
31/05/2024

USD/JPY Stays Strong: Support Levels Hold Firm

Key Highlights USD/JPY started a downside correction from the 157.70 zone. A major bullish trend line is forming with support at 156.00 on the 4-hour chart. Gold prices are consolidating above the $2,320 support zone. Bitcoin price could aim for a move above the $70,000 level. USD/JPY Technical Analysis The US Dollar started a major […]