Fundamental view: USD/JPY has a bullish rally in the past week. As the US yield engine continued to power the USD/JPY as the differential between Treasuries and Japanese Government Bonds almost guarantees flows into the American currency. An excellent March US payroll report also helped keep the USD/JPY stable at its high on Friday after continuous [...]
Fundamental view: Greenback continued to be in uptrend in the early part of the week but Thursday's finished at 109.23 and it set the stage for an easy traverse on Friday and it ran straight to the 12-month high. American Treasury rates and improved US data were the main source of dollar strength. The massive [...]
Fundamental view: The US dollar has gone back and forth during the course of the trading week to hang around the ¥109 level. Central banks dominated the market news this week but US yields controlled the action. The Bank of Japan (BOJ) widened the band for long-term rates to 0.25% around a 0% mid-point from the implicit 0.2% current [...]
Fundamental view: The US dollar has rallied significantly against the yen during this week. The US House has passed on Wednesday the $1.9 trillion stimulus bill and President Joe Biden signed it on Friday. Meanwhile, the yield on the benchmark 10-year Treasury note stands at 1.49%. Japan published the February Producer Price Index, which rose [...]
