Forexlive Americas FX news wrap 11 Jan: CPI higher but gains in dollar and yields reverse. – ForexLive
US CPI was the big event of the day and also the big event of the week. Month-over-month data showed an increase of 0.3% in both headline and core. On a year-on-year basis, the core fell to 3.9% compared to 4.0% in the previous month, but was higher than the expected 3.8%. Composite CPI YoY […]
USD/JPY pares early advance as dollar flails after yields setback – ForexLive
USD/JPY daily chart This certainly remains an interesting situation for USD/JPY, with the price trend currently moving back towards the 200-day moving average (blue line) at 143.17. A break below this level will likely give sellers some technical momentum back, but it is too early to take that for granted. The US dollar is generally […]
USD/JPY stays underpinned by higher bond yields so far on the week – ForexLive
USD/JPY movements continue to be heavily linked to movements in bond yields, and more specifically US Treasury yields. This is evident in the hourly chart below. USD/JPY vs. US government bond 10-year yield (%) hourly chart The recovery of the 10-year bond yield to near 4% has also led to a rebound in USD/JPY from […]
Forexlive Americas FX news wrap 2 Jan: The USD and yields move higher. Stock lower. – ForexLive
The year opened with countertrend movements in yields, the US dollar, and stocks. In terms of yields, the US dollar was mostly low compared to major currencies in 2023. The exception was against JPY. NZD and AUD remain almost unchanged over the year. Currently, the US dollar has finished as the strongest of the major […]
US Dollar Comes Alive as Yields Fly, Setups on EUR/USD, GBP/USD and USD/JPY – DailyFX
US dollar forecast – EUR/USD, GBP/USD, USD/JPY of USD Rise accelerates as US Treasury yields rebound further after poor performance in second half of 2023 All eyes will be on ISM manufacturing statistics and US non-farm employment statistics to be released later this week. In this article, we will focus on the outlook for the […]