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USD/JPY Weekly Forecast: Fed decision, covid in the Olympics and yields to shake the pairANALYSIS |
7/23/2021 3:09:08 PM GMT
USD/JPY has been trading in tandem with US yields, falling as fear grips markets.
The Fed decision, US GDP and the rapid spread of the Delta variant are all eyed.
Late July s daily chart is painting a mixed picture.
The FX Poll is pointing to short-term strength but falls below 110 afterward.
A barometer of fear – USD/JPY has proved to gauge covid concerns, rising and falling with worries and US yields. Traders will eye Tokyo s covid-clouded Olympics, the Federal Reserve s decision, the first look at America s second-quarter growth – and the Delta variant as well.
EUR/USD Rate Rebound Pulls RSI Out of Oversold Territory dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
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ISM Manufacturing PMI Preview: NFP Hint? Inflation component to steal the show, rock the dollarANALYSIS |
5/31/2021 11:46:01 AM GMT
May s ISM Manufacturing PMI is set to hold onto high ground and serve as a signal toward the jobs report.
After 13 upside surprises, the inflation component may steal the show.
An energetic post-long-week mood could add to volatility.
Has the bitterly disappointing jobs report been a one-off or a reason to worry? In normal times, that would be the most significant question on investors minds, and the headline ISM Manufacturing Purchasing Managers Index would serve as the first hint. This time is different.