menu search

Buy the rumour, sell the fact for the Japanese yen

Buy the rumour, sell the fact for the Japanese yen
There was some profit-taking and selling in USD/JPY yesterday despite a higher move in Treasury yields. And I would attribute that to fears ahead of the BOJ today, just in case the Japanese central bank produced a more hawkish message. But alas, they didn't deliver on that front and now the yen has fallen back as a result:There is still BOJ governor Ueda's press conference coming up later but anything short of reiterating a "quiet exit" is not going to fly with market participants surely. The su... Read More
Posted: Sep 22 2023, 04:27
Author Name: forexlive
Views: 102672

Search within

Pages Search Results: