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Thomson Reuters
May 14 - 02:36 PM
USD/JPY - Bullard's Curve Warning Relevant If U.S. Data Dim
First appeared on eFXplus on May 14 - 12:45 PM
  • USD/JPY unfazed by Bullard's curve inversion warning
  • Non-voter & a dove, so little influence on USD/JPY from Bullard
  • But poor Retail Sales Tues--post-CPI miss--could hit USD, Fed view
  • Sizeable RS miss, up or down, needed to exit 108.65-110.25 range
  • Subdue vols, big expiries @108.65/110 Tues reveal complacency

Chart: Click here

Source:
Thomson Reuters IFR Markets

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