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USD/JPY Rate Rally Vulnerable to RSI Sell Signal
USD/JPY pulls back from a fresh monthly high (113.81) to largely track the recent weakness in longer-dated US Treasury yields, with the exchange rate showing a limited reaction to the Federal Open Market Committee (FOMC) Minutes even as “participants foresaw rapid growth this year, and several highlighted that the economy had shown resilience in the face of the recent wave of infections.” The transcript from the September meeting suggests the FOMC is on track to scale back monetary support as “participants generally saw the risks to the outlook for economic activity as broadly balanced,” and its seems as ... (full story)