The USD/JPY pair shows some resilience below the 100-day Simple Moving Average (SMA) and attracts fresh buying near the 135.80 region, or a multi-day low touched earlier this Friday. The pair stick to its gains through the first half of the European session and is currently placed around the 135.75 area, just a few pips below the daily peak.
The Japanese Yen (JPY) fell sharply on the last day of the week after the Bank of Japan (BoJ) maintained its ultra-dovish stance and left monetary policy settings unchanged. The decision was widely on expected lines, though some analysts were speculating that Haruhiko Kuroda would tweak the yield curve control (YCC) at his last policy meeting as BoJ governor. This, in turn, sent the Japanese bond yields tumbling, which, in turn, weighed on the domestic currency and assisted the USD/JPY pair to regain positive traction.
That said, the prevalent risk-off environment - as depicted by a sea of red across the global equity markets - helps limit losses for the safe-haven JPY. Apart from this, some follow-through US Dollar selling contributes to keeping a lid on any further gains for the USD/JPY pair, at least for the time being. Market participants were forced to reassess expectations for a jumbo 50 bps lift-off at the March FOMC meeting after a larger-than-expected rise in the US Weekly Jobless Claims, which was seen as the first sign of a softening labor market.
Reduced bets for a more aggressive policy tightening by the Fed lead to a further decline in the US Treasury bond yields and keep the USD bulls on the defensive. Traders, however, seem reluctant and prefer to move to the sidelines ahead of the release of the closely-watched US monthly employment details, popularly known as NFP. This, along with the latest US consumer inflation figures, due next Tuesday, will influence the Fed's rate-hike path, which will drive the USD and provide a fresh directional impetus to 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.