USDJPY Technical Analysis – There are no bullish drivers for the JPY ...Middle East

Fundamental OverviewThe JPY started the week on the wrong foot following the Japanese elections over the weekend where the ruling party lost the majority. The main culprit for the US Dollar strength has been the rally in long term Treasury yields. The yield curve has been bear-flattening which is what you would expect with higher growth and potentially higher inflation expectations. There’s a good argument that the markets have been already positioning for a Trump’s victory which is expected to strengthen the higher growth and less rate cuts expectations. As previously mentioned, this is the trend for now and it’s generally a bad idea to fight such trends without a strong catalyst. Unfortuna

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USDJPY Technical Analysis – There are no bullish drivers for the JPY ...Middle East

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