Menu

  • USD/JPY Forecast: Can the bull run survive as Fed rate rethink caps long bond yields?

    From forex.com

    Fed rate cut expectations continued to fade, keeping a lid on longer-term US bond yields which is limiting USD/JPY upside. Key events next week include the PCE report, GDP revision, and FOMC minutes, with income and spending data carrying the potential to surprise. Japanese inflation data will be watched but remains secondary to US yields in driving USD/JPY. Technically, USD/JPY remains in a strong uptrend, but momentum signals warn of growing downside risks. Market pricing for Fed rate cuts continues to unwind, with expectations for the December FOMC meeting swinging marginally towards a pause. Looking to the end of ... (full story)

  •  Guest
  • | IP XXX.X.84.97
10Y yield is way too high for the Fed to be able to cut rates. Unless the 10y yield drops significantly before the Fed meeting in December, the Fed won't be cutting rates.

USD is expected to remain strong going into December.
gap down 120 pips
Quoting Foxikus
gap down 120 pips
At the moment the gap is at 60 pips. We'll see when the market opens
Pride always comes before destruction.... -Proverbs 16:18
  • New Comment
  •  Guest
  • | IP XX.XX.9.173
Join FF
  • Story Stats
  • Posted: Nov 24, 2024 12:46am
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 3  /  Views: 7,111

  • Related Stories