The Japanese Yen (JPY) clearly underperformed on the back of the BoJ announcement.
The Japanese Yen clearly underperformed on the back of the BoJ announcement. Economists at MUFG Bank analyze USD/JPY outlook ahead of the
meeting. communication will be key for JPY The primary risk as we see it is that the drops a dot from its median dot profile of moves in the fed funds this year from three rate cuts to just two. That action alone would most likely lift yields and help support the Dollar. Still, the OIS market is not hugely out of kilter with that scenario at 20 bps of more cuts. So a bigger move for yields and the Dollar would likely come from not the change in the dots profile from three cuts to two but the communications from Fed Chair Powell that accompanies such a change.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese Yen Forecast: Brighter Days Ahead; Setups on USD/JPY, EUR/JPY, GBP/JPYThis article examines the technical outlook for USD/JPY, EUR/JPY, and GBP/JPY, discussing important price thresholds worth keeping an eye on over the next few trading sessions.
Read more »
Japanese Yen Analysis & Setups: USD/JPY, EUR/JPY, GBP/JPYThis article provides an in-depth analysis of the technical outlook for USD/JPY, EUR/JPY, and GBP/JPY, dissecting key resistance and support levels crucial for strategic risk management in position building.
Read more »
Japanese Yen Outlook & Market Sentiment: USD/JPY, EUR/JPY, GBP/JPYThis article provides an in-depth examination of retail sentiment on the Japanese yen across three key FX pairs: USD/JPY, EUR/JPY and GBP/JPY, exploring potential scenarios based on contrarian signals.
Read more »
Japanese Yen Ticks Lower, FOMC Minutes, Japanese Trade In FocusUSD/JPY has stuck to narrowing ranges as November’s significant peaks come back into view
Read more »
Mexican Peso falls against strong US Dollar as FOMC meeting loomsThe Mexican Peso depreciated in early trading during the North American session as the US Dollar climbed some 0.25%, based on the US Dollar Index (DXY).
Read more »
US Dollar gains momentum on strong housing data, eyes on FOMCThe US Dollar Index (DXY) is fluctuating around 104.00, registering gains ahead of the impending Federal Open Market Committee (FOMC) meeting on Wednesday.
Read more »