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As predicted by ALEXIA, USDJPY continues to maintain a strong upward trend above 148.00 USD due to a decrease in risk appetite among market participants, which has reduced the attractiveness of risk-sensitive currencies. This asset has rallied strongly from 149.40 on expectations that the potential economic recovery in the United States could warrant a higher interest rate hike from the Federal Reserve.
According to the CME Fedwatch tool, traders see an 85% chance of no change in interest rates in the range of 5.25-5.50% until the end of the year.
As predicted by ALEXIA, USDJPY continues to maintain a strong upward trend above 148.00 USD due to a decrease in risk appetite among market participants, which has reduced the attractiveness of risk-sensitive currencies. This asset has rallied strongly from 149.40 on expectations that the potential economic recovery in the United States could warrant a higher interest rate hike from the Federal Reserve.
According to the CME Fedwatch tool, traders see an 85% chance of no change in interest rates in the range of 5.25-5.50% until the end of the year.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.