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USD/JPY Weekly Forecast: Following the yield curve


3/12/2021 4:14:33 PM GMT
US Treasury rates drive USD/JPY higher, stall in mid-week, then revive on Friday.
USD/JPY closes at 10-month high on Monday, repeats on Friday.
Treasury rates keyed on stronger US data and stimulus expectations.
Fed economic and rate projections could confirm US GDP potential.
FXStreet Forecast Poll sees overbought conditions in the medium term.
In real estate the mantra is location, location location. For currencies it is, or should be, rates, rates, rates. Over the pandemic year the importance of yields for currency valuation has been obscured then ignored. But like a suppressed urge, the more you deny it the stronger it gets. ....

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EUR/GBP pops higher towards 0.8600 level


Mar 12, 2021 17:31 GMTFXStreet News
EUR/GBP has moved above its recent intra-day trading range and is eyeing a test of 0.8600.
The catalysts of the move is unclear, though there has been plenty of news to keep on top of.
Midway through the European morning session, EUR/GBP saw a bout of buying that has pushed it back towards the 0.8600 level and out of its prior 0.8550-0.8580 range that had persisted over the last few days. The pair is now testing resistance offered by last week’s 0.8595 lows, as well as, of course, the psychological 0.8600 level. At the time of writing, EUR/GBP trades around 30 pips or just over 0.3% higher on the day. ....

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EUR/USD Weekly Forecast: ECB and US Treasury yields to make it or break it


Following
EUR/USD Weekly Forecast: ECB and US Treasury yields to make it or break itANALYSIS
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3/5/2021 3:26:31 PM GMT
Federal Reserve chief Powell pushed government bond yields to fresh one-year highs.
The European Central Bank may step up the pace of assets purchases in its next meeting.
EUR/USD has bounced just modestly from a critical Fibonacci support level.
The EUR/USD pair fell to a fresh 2021 low at 1.1892 this week, ending with a handful of pips above this level. The dollar soared across the board following comments from the head of US Federal Reserve Jerome Powell.
Powell revived yields’ frenzy ....

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