-
Japanese Yen Roars Back to Life – USDJPY, AUDJPY, EURJPY, GBPJPY
The Japanese Yen appears to have made a serious pivot as a myriad of factors have allowed for the US Dollar to cool its recent advance. Global recession fears and the market’s attempt(s) to price a Fed pivot have pushed the Greenback lower of late, allowing for a bid into risk assets. Despite the Bank of Japan’s continued dovish stance, yield compression globally has made the Yen more attractive. If yields truly have topped, those who have milked the carry trade for much of the last two years may look to make an “Irish exit” if they haven’t done so already. A rush to close Yen shorts could result in a true ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From piie.com|Aug 1, 2022In a lengthy FEDS Note, “What does the Beveridge curve tell us about the likelihood of a soft landing?,” published July 29, Governor Chris Waller and Fed associate director Andrew ...
-
From fxdailyreport.com|Aug 1, 2022The Chicago Board of Options Exchange (Cboe) Global Markets has released its trading and financial metrics for the second quarter of the year. The company, which operates various ...
-
- Newer Stories
-
From blogs.imf.org|Aug 1, 2022Central banks in major economies expected as recently as a few months ago that they could tighten monetary policy very gradually. Inflation seemed to be driven by an unusual mix ...
-
From bnnbloomberg.ca|Aug 1, 2022After two quarters of contracting gross domestic product in the US, a debate has raged across Wall Street and Washington about when the country will be in a recession — and ...
-
From boj.or.jp|Aug 1, 2022tables
- Story Stats
- Posted: Aug 1, 2022 5:38pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 1,377
- Linked event:
