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USD/JPY Outlook May 6-10
Dollar/yen was pressured throughout most of the week, but it then made a big comeback. Is it ready to break the magical 100 line? Current Account and the G7 meetings are the highlights of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Kuroda set a timetable for the Japanese recovery: the summer of 2013. This overwhelmed financial markets, knocking down the yen , buoying stocks and driving government-bond yields to record lows. Nevertheless, bond yields started to move higher due to uncertainty about the BOJ’s debt purchases. Will Kuroda’s monetary policy ... (full story)
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