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USD/JPY directional risks skewing lower as key resistance zone looms: the week ahead
USD/JPY continues to track US Treasury yields closely, while Japanese domestic factors remain largely irrelevant in the absence of a major monetary policy shift. Thursday’s US jobless claims and retail sales reports are the key events, carrying the potential to meaningfully alter the US interest rate outlook. Directional risks appear slightly skewed to the downside, especially if US labour market data weakens. US rates outlook remains highly influential The US rates outlook remains the primary driver of USD/JPY movements with the rally from the September lows coinciding with a rebound in US Treasury yields. The ... (full story)
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- Oct 13, 2024 10:00am Oct 13, 2024 10:00am
- mortgagee
- | Joined Aug 2021 | Status: Member | 13 Comments
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- Posted: Oct 13, 2024 8:42am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 5,322
