US stocks took a knock as the the Feds get ready for Tapering by the end of the year. I believe the dip presents a great buy opportunity.
Good news expected on Usd. Core retail sales coming out this afternoon and chairman Powell exapeced to speak tonight. There's been some support for the idea of tapering so we might just see big moves to the upside for the dollar.
Japanese yen (JPY) bears the burden of the US Treasury yields, as well as the coronavirus (COVID-19) conditions at home. The US 10-year Treasury yield snapped a five-week downtrend by Friday’s end as the Fed policymakers keep rejecting the reflation fears despite upbeat data. The pair has just reached another strong support area and I expect price to retest and...