USD/JPY bears ignore BoJ’s Kuroda near 130.50 as yields retreat amid upbeat mood – by anilpanchal7 USDJPY BOJ Fed YieldCurve RiskAversion
drops for the second consecutive day to 102.65, down 0.21% intraday by the press time.
While tracing the softer yields and US Dollar, the market’s optimism surrounding the banking sector and easing inflation seems to gain major attention. Behind the moves could be the US and European policymakers stretched emergency credit lines to the troubled banks and announced deposit insurance schemes. Recently adding strength to the risk-on mood were comments from the central bank officials pushing back the banking crisis concerns and the Silicon Valley Bank deal.
Earlier in the day, US Treasury Department said that the US will keep using tools to prevent banking contagion as needed. Before that, Federal Reserve Governor Philip Jefferson and Fed Vice Chair for Supervision Michael Barr showed readiness to tame the banking crisis while signaling ease in the inflation woes.bets, especially after talks of US recession, previously teased by Minneapolis Fed President Neel Kashkari, which in turn exerted downside pressure on the USD/JPY prices.
On the flip side, the geopolitical fears surrounding China and Russia challenge the market’s upbeat sentiment, as well as the USD/JPY bears. That said, talks about China’s failure to keep the pace of growth promised, as well as Russia’s alleged readiness to use nuclear weapons against Ukraine. On the same line are the latest comments from North Korean Leader Kim Jong Un who recently stated, per KCNA news, “ should be fully ready to use nuclear weapons at any time.
. However, major attention will be given to the US and Japan inflation clues, scheduled for release on Friday. Above all, the yields are crucial to aptly predict the Yen pair’s moves.A three-week-old falling wedge bullish chart formation keeps USD/JPY buyers despite the latest pullback. That said, the pattern currently occupies an area between 131.20 and 129.35.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
USD/JPY Price Analysis: USD/JPY finds support at 130.00 amid banking support measuresThe USD/JPY experienced a sharp rebound after finding support at the 130.00 mark. The significant drop after reaching the March high of 138.00 for the
Consulte Mais informação »
Pairs in Focus This Week \u2013 EUR/USD, Gold, GBP/USD, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 26th, 2022 here.
Consulte Mais informação »
USD/JPY advances toward 131.00 mark as US authorities confidence in financial stabilityThe USDJPY experienced a significant rebound from the 129.50 level after US authorities intervened to address market challenges stemming from rising c
Consulte Mais informação »
USD/JPY bulls move in on the 131´s as US Dollar firmsUSD/JPY is up 0.1% on the day and has traveled between 130.49 and 131.05 so far while the mood remains jittery after shares in Deutsche Bank fell 8.5%
Consulte Mais informação »
USD/JPY: Neutral view amidst global banking turmoil – Morgan StanleyAnalysts at Morgan Stanley shift their view on the USD/JPY pair to neutral from their previous long recommendation. Key quotes 'We turn neutral for JP
Consulte Mais informação »
USD/JPY portrays four-day downtrend near 130.50 with eyes on Japan/US inflation cluesUSD/JPY pleases bears for the fourth consecutive day even as markets remain inactive during early Monday. The Yen pair’s latest weakness could be link
Consulte Mais informação »