USD/JPY Technical: Rising US Treasury-JGB yield spreads outweigh BoJ's intervention risk
USD/JPY may see further upside due to the rising yield spread of US Treasuries over JGBs, any FX intervention from BOJ may be futile.
Stay updated with breaking news from Watch Tool. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
USD/JPY may see further upside due to the rising yield spread of US Treasuries over JGBs, any FX intervention from BOJ may be futile.
"The Fed is going to find itself backed into a corner where they need to cause a recession if they're going to hold that 2% inflation target."
The high-impact US Consumer Price Index (CPI) inflation data for March will be published by the Bureau of Labor Statistics (BLS) on Wednesday at 12:30 GMT.
NZD/USD has experienced fluctuations after the interest rate decision by the Reserve Bank of New Zealand (RBNZ).
After a very strong start to the year where stocks gained nearly 8% in the S&P, concerns about stubbornly high inflation and the ability of earnings to keep up with fo...