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Oct 15 - 07:55 AM
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USD/JPY - Falls As Markets Pare Fed Hike Expectations
By Martin Miller — Oct 15 - 05:53 AM
• Dollar eases as Treasury yields fall; Fed hike bets ease
• Seems market may not be eyeing October Fed hike given split FOMC board
• USD/JPY has slipped to 157.59 from 158.33, in Asia on Thursday, according to EBS data
• The thick cloud, that currently spans the 156.64-158.44 region, underpins
• Overall bias remains on the upside as USD/JPY usually climbs in October
• USD/JPY and EUR/JPY tend to move in tandem, 30 and 60-day
log correlations are high above +0.5
Daily Chart
Correlation Chart
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters