O Mitrade Insights dedica-se a fornecer aos investidores informações financeiras ricas, oportunas e valiosas para ajudá-los a entender a situação do mercado e encontrar oportunidades de negociação oportunas.
    2021
    Melhor Provedor de Notícias e Análise
    FxDailyInfo
    2022
    Melhores Recursos Educacionais de Forex Global
    International Business Magazine

    USD/JPY has the capacity for huge and persistent overshoots – SocGen

    Fonte Fxstreet
    27/02/2024 11:09

    Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes Yen’s outlook after inflation in Japan surprises to the topside.

    Inflation demands BoJ action

    Japan’s headline inflation fell to 2.2%, and the so-called ‘core-core’ (ex-fresh food and energy) fell to 2.2% after a third monthly increase of 0.2%. If inflation is going to settle around 2%, rather than fall all the way back to the 10-year average (just over 1%), there is no reason to delay the demise of negative interest rate and yield curve control policies. Especially given that the Yen has lost a third of its value since the start of the Covid pandemic, and USD/JPY remains close to its post-1990 high.

    This pair has the capacity for huge and persistent overshoots. CFTC data suggest that under four weeks before the crucial BoJ meeting, when one of the largest US/Japanese policy divergences we have seen will probably start to unwind, futures traders remain doggedly short the Yen. Will they be proved geniuses, or fools because a change of BoJ policy direction, ahead of a likely change of Fed policy direction later this year, signals a turn in USD/JPY? We’re in the latter camp – how could we not be? What (if anything) am I missing?

    Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
    placeholder
    USD/JPY Price Analysis: Consolidates around 154.60 on Japanese intervention fearsThe USD/JPY consolidated at around the 154.60s area on Friday after diving to a four-day low of 153.59, courtesy of heightened geopolitical tensions spurred by the escalation of the Israel-Iran conflict.
    Fonte  Fxstreet
    The USD/JPY consolidated at around the 154.60s area on Friday after diving to a four-day low of 153.59, courtesy of heightened geopolitical tensions spurred by the escalation of the Israel-Iran conflict.
    placeholder
    Forecasting the Coming Week: Focus remains on central bank's policy divergenceAnother week dominated by bets regarding the most-likely timing of the Fed's start of the easing cycle saw the US Dollar rise to new highs, while conviction of an interest rate cut by the ECB in June remained on the rise… and dragged EUR/USD to as low as the 1.0600 neighbourhood.
    Fonte  Fxstreet
    Another week dominated by bets regarding the most-likely timing of the Fed's start of the easing cycle saw the US Dollar rise to new highs, while conviction of an interest rate cut by the ECB in June remained on the rise… and dragged EUR/USD to as low as the 1.0600 neighbourhood.
    placeholder
    Forex Today: US Dollar pulls away from multi-month highs ahead of mid-tier dataHere is what you need to know on Thursday, April 18: The US Dollar (USD) stays under modest selling pressure in the early European session on Thursday.
    Fonte  Fxstreet
    Here is what you need to know on Thursday, April 18: The US Dollar (USD) stays under modest selling pressure in the early European session on Thursday.
    goTop
    quote