USD/JPY bulls eye propetcs of a correction ahead of US CPI USDJPY Currencies Technical Analysis DollarIndex Fed
to hold steady at 3.4%. Average hourly earnings rose 0.2% last month after gaining 0.3% in January, below expectations of 0.3%.
On Monday, more fuel was added to the fire when markets priced in a Federal Reserve that will slow if not halt its raising of interest rates after US authorities moved to limit the fallout from the sudden collapse of Silicon Valley Bank. A new Bank Term Funding Program will offer loans from the Federal Reserve of up to one year to depository institutions, backed by United States Treasuries and other assets these institutions hold., or DXY, which measures the greenback vs.
Also supporting the bid in the Yen is the fact that the Fed funds futures have been repriced as traders expect that the Fed's terminal rate will be lower. Investors are now expecting that to come in as low as 4.14% for December which was originally priced above 5% on Friday. Additionally, futures are showing a 21% chance of no hikes in rates from the Federal Open Market Committee when announcements will be made on March 22.
and food prices will likely dent non-core CPI inflation. Our m/m forecasts imply 6.1%/5.5% YoY for total/core prices.´´On a daily basis, USD/JPY is moving into a support zone that could result in a correction ahead of the US CPI data with the 134.50-70 eyed as per the dailyThere is a lot of resistance between 133.70 and 134.00 that the bulls will need to volt first.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 12th, 2022 here.
Read more »
USD/JPY Price Analysis: Yen renews one-month low near 134.00 as bears approach 50-DMAUSD/JPY Price Analysis: Yen renews one-month low near 134.00 as bears approach 50-DMA USDJPY Technical Analysis SwingTrading Chartism SupportResistance
Read more »
USD/JPY faces strong support around 133.00 – UOBFurther downside in USD/JPY should meet decent contention around the 133.00 region, note Markets Strategist Quek Ser Leang and Senior FX Strategist Pe
Read more »
USD/JPY plunges to 133.50 as bearish sentiment for USD prevailsUSD/JPY opens the day of a new week at 134.97, dropping to an intraday low of 132.96 before hitting an intraday high of 134.99. The pair continues to
Read more »
USD/JPY traces recovery in yields to bounce off one-month low towards 135.00, US inflation, BoJ Minutes eyedUSD/JPY traces recovery in yields to bounce off one-month low towards 135.00, US inflation, BoJ Minutes eyed – by anilpanchal7 USDJPY RiskAppetite YieldCurve BOJ Fed
Read more »
NZD/USD bulls are in the market ahead of US CPINZD/USD is higher at the start of the week, up some 1.65% at the time of writing after climbing from a low of 0.6134 and reaching a high of 0.6264 on
Read more »