USDJPY Technical Analysis – The calm before another storm? ...Middle East

Fundamental OverviewThe weak US NFP report last Friday led to a key breakout in the USDJPY pair which eventually triggered another deleveraging in the Yen carry trades. Things got dire yesterday as the Nikkei dropped 12% overnight and we saw a general selloff in global stock markets. At one point, the markets saw the Fed cutting rates by 136 bps by year-end and some chances of an emergency rate cut. Fear is generally a stronger emotion than greed in the markets. Although the volatility calmed down a bit, the markets are still expecting a 50 bps cut by the Fed in September and a total of 110 bps by year-end. Unfortunately, the calendar is pretty empty this week and the only notable release wi

Hence then, the article about usdjpy technical analysis the calm before another storm was published today ( Tuesday 06/08/2024 - 10:56 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDJPY Technical Analysis – The calm before another storm? )

Also on site :

• A Dead Character's Live Text, Justin Trudeau, and a Pity Party: Inside the 'Firefly' Announcement Panel
• Lea Michele Shares Why Recording ‘Nobody’s Side’ From Broadway’s ‘Chess’ Was ‘One of The Most Incredible Moments’ Of Her Career
• Ubisoft are ending game development at long-time Tom Clancy studio Red Storm with 105 staff laid off, according to reports