The US Dollar has reached its highest level since 2017 as the Fed is on the cusp of a series of aggressive rates hikes. US Treasury yields have outpaced their EU, Asian counterparts, pushing out interest rate differentials.
USD/JPY rates have had an incredible run higher over the past two months, not having tested their daily 21-EMA since the first week of March. Although the setback in recent days has eroded momentum indicators – daily MACD is trending lower and daily Slow Stochastics have dropped from overbought territory – it appears that a bull flag is being carved out. As such, traders may look to the
decision as a catalyst to spur a bullish breakout of the flag; a move above 128.90 may signal the resumption of the uptrend, ultimately eying a test of 130.00 for the first time since March 2002.USD/JPY: Retail trader data shows 29.87% of traders are net-long with the ratio of traders short to long at 2.35 to 1. The number of traders net-long is 27.62% higher than yesterday and 19.86% higher from last week, while the number of traders net-short is 1.07% lower than yesterday and 1.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/JPY prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current USD/JPY price trend may soon reverse lower despite the fact traders remain net-short.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US Dollar Index Price Analysis: Bets for a near-term correction on the riseTracked by the DXY, the greenback trades in fresh multi-year peaks north of the 103.00 mark midweek. The intense upside pushed the index into the over
Consulte Mais informação »
US Dollar Index pushes higher and approaches 102.00The greenback, in terms of the US Dollar Index (DXY), remains bid and now trades at shouting distance from the key 102.00 yardstick on turnaround Tues
Consulte Mais informação »
Rising rates could bring multi-billion-dollar windfall to Canadian companies with big DB pension plansRising rates could bring multi-billion-dollar windfall to Canadian companies with big DB pension plans — via financialpost Finance pensionplan
Consulte Mais informação »
Dollar Tree Is Facing Backlash Over This Controversial Sign — Best LifeDollar Tree is facing new backlash after a store manager in Indiana posted a controversial sign about Gen Z on the front door.
Consulte Mais informação »
Dollar is worst reserve choice except for the restSanctions on Russia raise questions about the U.S. currency's reliability for foreign governments. But options like the euro are also tied to restrictions. And the Chinese yuan lacks convertibility, rule of law and safe-haven appeal. Reports of the dollar's demise are premature.
Consulte Mais informação »
Police investigating attempted robbery of Wilmington Family DollarDelaware State Police announced Wednesday that they are investigating a strong-armed robbery that happened at a Wilmington Family Dollar on Tuesday night.
Consulte Mais informação »