Archives of “Environment of Japan” tag

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Mood in Beijing on trade deal is pessimistic – report

  
Analysis, Forex
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USD/JPY down on the headlines

Risk trades are under pressure after this report from CNBC’s Beijing correspondent Eunice Yoon:

Mood in Beijing about #trade deal is pessimistic, government source tells me. China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support.

USD/JPY climbs to two-week high as yields rise

  
Analysis, Forex
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USD/JPY at the highs of the day

USD/JPY at the highs of the day
If you expect the Fed to follow the ECB, then USD/JPY longs are the place to be.
That’s the brewing signal in USD/JPY as it rises to a two-week high of 108.55. A Fed cut next week is almost a sure thing but a further cut is less certain and either way I don’t see the Fed pre-announcing anything.
Technically, USD/JPY is still in a tough spot but we now have at least one higher low over the past month. It will take a break above 109.00 to spark any kind of real rally but the conditions are there.
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