USD/JPY RISES ON STRONG US DOLLAR, ELEVATED US YIELDS
- USD/JPY ascends to mid-148s, propelled by Powell's comments and rising US Treasury yields.
- Powell hints at three rate cuts this year, bolstering the Dollar, despite ruling out a March cut.
- January's ISM Services PMI rise indicates stronger US Non-Manufacturing activity, boosting economic optimism.
- US 10-year Treasury yield climbs to 4.16%, with the Dollar Index up 0.52%, reflecting the dollar's dominance.
- Japanese earnings and spending data, alongside Fed officials' remarks, awaited for more market insights.
The USD/JPY gained modestly late in the New York session, trading at around the 148.70s area, sponsored by the strong US Dollar and higher US Treasury bond yields. Over the weekend, comments by the US Federal Reserve (Fed) Chair Jerome Powell spurred flows toward the Greenback while US Treasury yields skyrocketed.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.