Fundamental Overview
The USD Index, which follows the performance of the US dollar against other currencies, has declined and is impacting the USD/JPY pair. There are concerns about the banking sector crisis in the US, a potential recession, and the US debt ceiling, leading to speculation that the Federal Reserve may cut interest rates later this year. As a result, US Treasury bond yields are decreasing, causing the US dollar to weaken.
Plan trade in the intro ♥
The USD Index, which follows the performance of the US dollar against other currencies, has declined and is impacting the USD/JPY pair. There are concerns about the banking sector crisis in the US, a potential recession, and the US debt ceiling, leading to speculation that the Federal Reserve may cut interest rates later this year. As a result, US Treasury bond yields are decreasing, causing the US dollar to weaken.
Plan trade in the intro ♥
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Plan trade in the introTrade closed: stop reached
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The USD/JPY rose sharply after the first monetary policy decision by the Bank of Japan (BoJ) new Governor Kazuo Ueda struck a dovish tone, a greenlight for US Dollar (USD) buyers, against the Japanese Yen. (JPY). Therefore, the USD/JPY extended its gains of more than 1.73%, trading at 136.27.
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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.