USD/JPY forecast: Bearish momentum builds as key US data looms

USD/JPY forecast: Bearish momentum builds as key US data looms

From forex.com

USD/JPY remains linked to the US interest rate outlook, especially long-term Treasury yields. With key data like CPI, PPI, and retail sales due this week, it could influence Fed rate cut expectations. While strong data may boost short-term yields, signals from rates futures suggest the highs may already be in. Price momentum is also keeling over, favouring selling rallies over buying dips. Rates reversal warns of downside risks Even with volatility around the US presidential election and Federal Reserve meeting, it’s obvious the US interest rate outlook remains an important driver of USD/JPY movements. Over the ... (full story)

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