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USD/JPY: Yen struggles as US-Japan bond yield spread rises
- The USD/JPY is hovering near its highest level since March last year.
- Data from Japan showed that household spending declined in February.
- US bond yields have resumed the upward trend.
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Markets roundup: Stocks plunge while gold and yen gain as Trump tests positive for COVID-19
Volatile financial markets have welcomed European traders and investors this morning after the U.S. President Donald Trump and his wife Melania had tested positive for coronavirus and went into quarantine. Trump tests positive Donald Trump confirmed on Twitter that he and his wife Melania are positive on COVID-19 infection.
October 2, 2020
Here’s where USD/JPY price may trade in October
USD/JPY price is threatening to make a major bearish break below the $105 handle, following meetings of the Federal Reserves and Bank of Japan (BoJ). Fundamental analysis: BoJ steady, Fed pushes dollar higher The Bank of Japan held fire in this morning’s meeting on Tokyo to leave its…
September 17, 2020
USD/JPY price trades sideways as PM candidate Suga prefers to keep ultra-loose monetary policy
USD/JPY price closed the week nearly 1% higher as the price action continues to trade in the sideways manner. Yoshihide Suga, the incumbent Chief Cabinet Secretary of Japan and a clear frontrunner in a race to become the next PM, reiterated that he would prefer to keep Abe’s ultra-loose…
September 6, 2020
USD/JPY price moves higher on better risk sentiment
USD/JPY price gained on Tuesday as global equities raced higher on positive news related to the coronavirus vaccine developments and indications about progress in the trade deal between the U.S. and China. Fundamental analysis: Equities gain on improving risk sentiment Global equities moved on reports that high ranking officials…
August 26, 2020