USD/JPY finds stability near 132.50, as market eagerly awaits the Fed’s decision – by Dippusen USDJPY Fed YieldCurve
FOMC meeting takes center stage with markets converging on a 25 bps rate hike consensus.finds some respite on the back of rising US Treasury bond yields. U.S. Treasury Secretary Janet Yellen informed bankers on Tuesday that she is ready to intervene to protect depositors in smaller U.S. banks amid contagion concerns., leading Wall Street to close Tuesday on a positive note. UST yields experienced a strong bounce as investors moved away from bonds and into riskier assets.
Tuesday's upbeat sentiment received additional support from a meeting between Chinese President Xi and Russian President Putin. Putin suggested that Chinese proposals could form the basis of a peace settlement, but noted that the West and Kyiv were not yet prepared.subsided due to increased stability in the banking sector. Markets are pricing in an 85% chance of a 25-basis-point rate hike from the Federal Reserve .
Despite the ongoing banking turmoil, the market is finding consensus for a 25 bps rate hike, following the argument thatIt is likely that the US Treasury will take measures to support deposit guarantees, despite opposition from some senators. However, such a support plan must first pass through the parliamentary process.meeting was conducted before the banking turmoil, the focus will shift to the accompanying statement and dot plots.
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.
USD/JPY Price Analysis: Flirts with 50% Fibo. level, below mid-132.00s amid risk-on moodThe USD/JPY pair once again shows some resilience below the 61.8% Fibonacci retracement level of the January-March rally and attracts fresh buying nea
Read more »
USD/JPY Price Analysis: Looks set for further downside below 131.50The USD/JPY pair has corrected sharply below 132.00 in the Asian session. The appeal for the Japanese Yen as a safe-haven has improved amid potential
Read more »
USD/JPY to plummet toward the 125 level – Danske BankEconomists at Danske Bank expect the USD/JPY pair to plunge toward the 125 mark in the next three months. BoJ tightening and valuation to send USD/JPY
Read more »
USD/JPY back below 131.50 mark as focus shift to upcoming FOMC meetingThe USD/JPY closely following the short end of the US Treasury (UST) yield curve, as diminishing demand for the US Dollar weighs on the pair. This com
Read more »
USD/JPY Price Analysis: Bears eye a break of 131.20As per the prior analysis, USD/JPY Price Analysis: Bulls need to show up or 131.00 is a viable target, the bears moved in to capitalize on failures to
Read more »
USD/JPY shows resilience around 131.00 mark as market awaits Fed’s next moveUSD/JPY hovers around the 131.00 mark during Tuesday's Asian session, maintaining its bearish bias. Although US Treasury (UST) bond yields received a
Read more »