USD/JPY may continue to trade higher
Updated
Greetings dear readers, I am delighted to share with you today's market update.
Since there are no immediate signs of a shift in the Bank of Japan's (BoJ) policies, it is possible that the markets will see a return to trading USD/JPY at higher levels. The movement of this currency pair is primarily influenced by yield differentials. Currently, Treasury yields remain elevated and the gap between UST-JGB yields continues to widen or stay wide. As a result, it is likely that USD/JPY will continue its upward trajectory.
In light of this situation, attention should be given to any potential counteracting measures if the pace of increase becomes unidirectional and excessive. It would be prudent to address such activities against prevailing trends in order to restore balance.
Since there are no immediate signs of a shift in the Bank of Japan's (BoJ) policies, it is possible that the markets will see a return to trading USD/JPY at higher levels. The movement of this currency pair is primarily influenced by yield differentials. Currently, Treasury yields remain elevated and the gap between UST-JGB yields continues to widen or stay wide. As a result, it is likely that USD/JPY will continue its upward trajectory.
In light of this situation, attention should be given to any potential counteracting measures if the pace of increase becomes unidirectional and excessive. It would be prudent to address such activities against prevailing trends in order to restore balance.
Note
good luck everyone <3Note
Eu continued to move sideways and reached 147.80
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