The USD/JPY pair stalls its intraday decline near mid-132.00s and quickly recovers over 90 pips from a six-week low touched earlier this Friday. The pair is now trading around the 133.35-133.40 region, still down nearly 0.70% for the day.
As investors digest the less hawkish FOMC decision and Thursday's disappointing US GDP print, the US dollar reverses a major part of its early lost ground to the lowest level since July 5. A goodish pickup in the US Treasury bond yields is offering some support to the USD. Given the post-FOMC slump of nearly 500 pips from the vicinity of mid-137.00s, the said factors prompt some intraday short-covering around the USD/JPY pair on the last day of the week.
On the other hand, a further recovery in the global risk sentiment - as depicted by some follow-through positive moves in the equity markets - undermines the safe-haven Japanese yen. This is seen as another factor lending support to the USD/JPY pair. Apart from this, a big divergence in the monetary policy stance adopted by the Federal Reserve and the Bank of Japan suggests that the USD/JPY pair might have formed a temporary bottom near the 132.50 area.
That said, it would still be prudent to wait for strong follow-through buying before positioning for any meaningful positive move. Traders now look forward to the release of the US Personal Consumption Expenditures (PCE report) - the Fed preferred inflation gauge. This, along with the US bond yields, would influence the USD demand. Apart from this, the broader market risk sentiment could produce short-term trading opportunities around the USD/JPY Pair.
© 2000-2024. 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.