📢 Signal#:10 USD/JPY Execution by SteadyTradeAi
As anticipated in the second quarter fundamental view, the Japanese Yen spent the bulk of the second quarter losing versus its main counterparts. Nonetheless, the rate of depreciation has reduced considerably as compared to the first quarter. Due to the continuous decrease in stock market volatility, it is doubtful that the anti-risk currency would attract much attention. There have been a few instances of short volatility in global mood, but no clear long-term pattern has developed. While a return in volatility remains a major source of upside potential for the Yen, the continuance of loose monetary policies globally may prevent the currency from depreciating substantially. Rather than that, the Yen's value will be closely linked to fluctuations in government bond rates. The major Yen index closely tracks the spread between Japan's and the United States' 10-year government bond rates. In contrast to their US counterparts, Japanese bond rates experienced a modest recovery in the second quarter. This comes as the Federal Reserve has frequently reaffirmed its dovish attitude, allaying fears of a faster-than-expected tapering of its bond-buying activities. However, the Fed's June rate decision showed that a beginning number of members think a rate rise is becoming more likely. As a result, expectations for policy tapering will very likely be raised. This is understandable considering the world's biggest economy's elevated inflationary pressures. On the other hand, the central bank believes that recent CPI rises are simply transitory. However, it is conceivable that pricing pressures will continue elevated. Given that the majors-based Yen index closely tracks the spread between Japan's and the United States' 10-year government bond rates, In contrast to their US counterparts, Japanese bond rates experienced a modest recovery in the second quarter. This comes as the Federal Reserve has frequently reaffirmed its dovish attitude, allaying fears of a faster-than-expected tapering of its bond-buying activities. However, the Fed's June rate decision showed that a beginning number of members think a rate rise is becoming more likely. As a result, expectations for policy tapering will very likely be raised. This is understandable considering the world's biggest economy's elevated inflationary pressures. On the other hand, the central bank believes that recent CPI rises are simply transitory. However, it is conceivable that pricing pressures will continue elevated.
==[ 🆕 NEW ORDER 🆕 ]==
📢 Signal#:10
🏦 OrderType: Buy
💰 OrderSize: 1.00
💱 Symbol: USDJPY 🇺🇸🇯🇵
📈 OpenPrice: 109.776
⏰ Expiration: -/--
🎯 TakeProfit: 0.000
🛑 StopLoss: 0.000
==[ 🆕 NEW ORDER 🆕 ]==
📢 Signal#:10
🏦 OrderType: Buy
💰 OrderSize: 1.00
💱 Symbol: USDJPY 🇺🇸🇯🇵
📈 OpenPrice: 109.776
⏰ Expiration: -/--
🎯 TakeProfit: 0.000
🛑 StopLoss: 0.000
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