BREAKING: USDJPY pair is testing 143.00 level

6:10 PM 6 September 2022

The Japanese yen weakened past 143 against the US dollar, hitting its lowest levels since August 1998, pushed lower by a widening policy gap as the BoJ committed to maintain ultra-low interest rates at a time the Federal Reserve has been talking up further monetary tightening to stamp out inflation. Also sharp appreciation of 10-year bond yields and today's data from the US, which showed that the service sector remains resilient increased the chances of interest rate hikes by 75 basis points at the next FED meeting.

Chances for a rate hike by 75bp have increased significantly. Yesterday evening the markets saw a probability around 59% and now it is almost 74%. Source: Bloomberg

USDJPY pair continues to move north. Key resistance can be found around 149.50, where highs from summer  of 1998 are located. Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits