Intraday Market Thoughts
What's next for USDJPY ?
by
Apr 1, 2014 19:21
As USDJPY breaks above 103.50s for the 3rd time this year, will traders ride the bandwagon siding with the expectations of fresh BoJ stimulus offseting any growth challenges from this month's Japanese tax hike, or will a stock market selloff weigh on the pair as it has done in the past? We know that bond yields usually move in tandem with yen pairs. We also know the Fed is expected to taper in April, alongside dovish (accommodative) talk from Fed chairwoman Yellen. So where does all this leave USDJPY?
Our latest edition of the Premium Insights has added a new trade in USDJPY-alongside the existing trade with charts on USDJPY, 10-year yields and speculative yen futures. Access to Premium subscribers here
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