Having failed to sustain the bounce above 129.00, USD/JPY is on a free fall to test the 128.00 level, down over a big figure in the last hour.
The sharp correction in the pair from 20-year peaks of 129.40 comes after heavy Japanese exporters' offers came through at 129.50, as reported by Reuters.
Additionally, investors resorted to profit-taking after the yen plunged these days against the US dollar. Presumed option barriers at 129.50 also prompted the corrective pullback in the major.
Meanwhile, the BOJ’s bond market intervention could be also partly attributed to the spot’s downward spiral.
The BOJ announced earlier on, it will conduct an unlimited fixed-rate purchase operation for Japanese Government Bonds (JGBs) after the yields hit the central bank’s upper cap at 0.25%.
The downside in the pair, however, could be seen as a good ‘buy the dip’ trade, as the Fed-BOJ monetary policy divergence will continue to favor the US Treasury yields, in turn, the dollar against the yen.
Markets now look forward to the US Housing data and the Fed’s Beige Book for fresh trading opportunities. Thursday’s speech by Fed Chair Jerome Powell at the IMF Spring event will be eagerly awaited.
© 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.
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.
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.