USD/JPY slumps to multi-month lows near 147.00
# POST-MARKET | TRADE MARK
- Update on Measurement
U.S. Dollar / Canadian Dollar
- 3H & 16H
*USD Bias | Bullish
-Monetary policy dynamics should favor Dollar strength into the early part of next year
-Softer growth outlook that will drive safe-haven flows towards the Dollar
-Several factors support Dollar strength
-Reasonably steady US economic trends and hawkish leaning Fed
*USD Bias | Bearish
-Anticipated slowdown of the US economy
-The hurdle for raising rates this month is higher, implying fresh US Dollar falls
-Dollar weakness will pick up pace during 2024 as market attention turns toward Fed rate cuts
-Fed feels more comfortable with receding inflation
*JPY Bias | Bearish
-Any action/intervention that the BoJ may carry out will be short-lived
-Mr. Yen says to steer clear of Yen
-BoJ not changing policy, intensified interest rate differential game
-Japan is still a basket case
*JPY Bias | Bullish
-Likely hawkish monetary policy shift from the BoJ later this year
-Yen can become a significant outperformer during the global easing phase
-The Bank of Japan can add to the yen’s appeal
-The likelihood of a BoJ policy shift should accelerate Yen gains
Conclusion | Trade Plan Execution & Risk Management on Demand;
- USD/JPY stayed deep in negative territory on Friday
- Update on Measurement
U.S. Dollar / Canadian Dollar
- 3H & 16H
*USD Bias | Bullish
-Monetary policy dynamics should favor Dollar strength into the early part of next year
-Softer growth outlook that will drive safe-haven flows towards the Dollar
-Several factors support Dollar strength
-Reasonably steady US economic trends and hawkish leaning Fed
*USD Bias | Bearish
-Anticipated slowdown of the US economy
-The hurdle for raising rates this month is higher, implying fresh US Dollar falls
-Dollar weakness will pick up pace during 2024 as market attention turns toward Fed rate cuts
-Fed feels more comfortable with receding inflation
*JPY Bias | Bearish
-Any action/intervention that the BoJ may carry out will be short-lived
-Mr. Yen says to steer clear of Yen
-BoJ not changing policy, intensified interest rate differential game
-Japan is still a basket case
*JPY Bias | Bullish
-Likely hawkish monetary policy shift from the BoJ later this year
-Yen can become a significant outperformer during the global easing phase
-The Bank of Japan can add to the yen’s appeal
-The likelihood of a BoJ policy shift should accelerate Yen gains
Conclusion | Trade Plan Execution & Risk Management on Demand;
- USD/JPY stayed deep in negative territory on Friday
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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.