USD/JPY rebounds towards 124.00, tracks US dollar ahead of Fed minutes
06.04.2022, 10:07

USD/JPY rebounds towards 124.00, tracks US dollar ahead of Fed minutes

  • USD/JPY is attempting a bounce, finding support from firmer US Treasury yields.
  • The pair failed to resist above 124.00 amid a pullback in the US dollar.
  • All eyes remain on the Fed minutes, which may highlight the Fed/BOJ divergence.

USD/JPY is rebounding towards 124.00, as the ongoing rallying in the US Treasury yields helps find a floor near 123.60.

Over the last hours, the US dollar saw a sharp pullback from multi-month highs of 99.75 when compared with its major rivals. This could be attributed to a profit-taking slide ahead of the critical FOMC March meeting’s minutes.

However, the US Treasury yields keep rallying, as the Fed officials stepped up the hawkish rhetoric recently, calling for a bigger rate hike, as well as, the balance sheet run-off in the May meeting.

Meanwhile, the new Western sanctions against alleged Russian war crimes in Ukraine and the hawkish Fed’s expectations are weighing down on the market mood, keeping the pullback in the dollar short-lived.

On the other side, the Bank of Japan (BOJ) remains stuck with its ultra-loose monetary policy stance while desperately defending its yield curve target at 0.25%. This action by the BOJ has widened the monetary policy divergence between the Fed and the Japanese central bank, leaving the yen in the hands of the bears.

USD/JPY: Technical levels to consider

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik