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Japanese Yen Sinks on Higher Yields and Energy Prices: Where to for USD/JPY?
The Japanese Yen is coming under pressure from rising G-10 yields, higher energy costs and positive risk appetite to begin the year. This led to USD/JPY making a 4-year high of 116.35 yesterday. The market has started 2022 by re-pricing the Federal Reserve’s hiking timeline and it is now anticipating more rate rises than previously expected. US Treasury yields have risen significantly across the curve, with the benchmark 10-year bond recently trading above 1.68%, after finishing 2021 near 1.50%. Japanese investors are highly cognisant of yield after experiencing decades of near zero interest rate returns. While ... (full story)
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- Posted: Jan 4, 2022 9:02pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 674
