USD/JPY Sets New 2023 Highs as the Fed-BoJ Differential is Maintained
The pair sets fresh eleven-month highs today, after last week’s policy decisions by the two central banks, maintained the favorable monetary policy differential
The pair sets fresh eleven-month highs today, after last week’s policy decisions by the two central banks, maintained the favorable monetary policy differential
The pair took a one-two punch this week, as both central banks paused their rate hiking cycles, but the Fed offered a clearer and more hawkish outlook compared to its UK counterpart
Watch today’s US Open for insights on the rate holds by the US Fed and the Bank of England, as well as the upcoming policy decision by their Japanese counterpart
The Federal Reserve's policy committee decided to keep its interest-rate target unchanged yesterday and expressed confidence in the ongoing strength of the economy. They conveyed a hawkish message regarding the near and medium term.
The US Fed kept rates unchanged on Wednesday and sent the pair lower, just a week after its European counterpart had raised them, but indicated that it may have reached the peak
Watch today’s US Open for insights on the upcoming pivotal policy decisions by the central banks of the US and the UK, the rise in oil prices and more
The pair had a muted reaction to accounts of the RBA’s rate hold, which showed that officials considered a hike, as it the Fed’s pivotal meeting looms
The pair comes from a mixed week, as it covered the decline for the hawkish remarks by the BoJ governor, but sis subdued today ahead of key policy decision by both central banks
The US 10-year real yield’s green 5-day EMA has pulled away from its orange 10-year EMA (black circle). This is suggestive of strength in the real yield, which is currently trading at 2%. This is elevated and is providing a layer of support for FXCM’s USDOLLAR basket.
The pair found support after Thursday’s plunge due to the dovish hike by the European Central Bank, but remains at a perilous state ahead of the Fed’s pivotal decision
Following a cumulative 450 basis point rate hike, the ECB has now elevated its deposit rate to an all-time high.
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