The USD/JPY pair is climbing to levels not seen since 2002. One of the catalysts for the Japanese yen's weakness today is the bond market. US 10-year bond yields began to rise in early New York trading, jumping to 3.01%. This is the first move above 3% since a brief breakout in May. The Bank of Japan continues to hold the ultra-loose monetary policy. Haruhiko Kuroda, head of the Bank of Japan (BOJ) reiterated today that the most important goal for the central bank is to support the economy by maintaining massive stimulus programs.
Chart of the USDJPY pair, MN interval.
The FOMC Review
Daily Summary - The market starts to doubt rate hikes after Warsh, but Trump destroys the rebound
Not so hawkish words, dovish dodges. EURUSD at 1.1450 during Kevin Warsh's Q&A
BREAKING: Fed Keeps Rates Unchanged Amid Regional Dissents and Warsh's Pause
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
