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Feb 26 - 05:00 AM

USD/JPY - A Curiosity Or Maybe The Crucial Lead For FX Traders

By Jeremy Boulton  —  Feb 26 - 03:05 AM
  • Risk taking has been pummelled but risk taking had reached extremes

  • USD/JPY 2% rally occurred at the height of the crisis

  • DJI brushed 30k mark around the same time

  • Current reverses might just be a small unwind of a lot of excess

  • Today USD/JPY has bucked a risk off mood to rally a little nL2N2AQ03O

  • Evidence that the demand linked to the earlier spike is yet to be exhausted

  • Should crisis pass stimulus added, or planned, likely too much stimulus















DJI: Click here

USDJPY: Click here

Source:
Refinitiv IFR Research/Market Commentary

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