An interesting development is the run-up in the USD/JPY to new highs, breaking above what some people see as a three-year downtrend, even though US yields have moved sideways in the last month, according to Greg Gibbs, Analyst at Amplifying Global FX Capital. Key Quotes “The USD/JPY had appeared to re-connect with US yields since around March, after a period of disconnect in the first months of the year.” “The USD/JPY had been incredibly tightly correlated with US yields (or the yield spread) from around mid-2016 to end-2017.” “As such the market has gotten used to seeing USD/JPY and 10-year yields as moving in unison in recent years.” “However, there was a significant divergence between the USD/JPY and yield spreads from early 2014 into the first half of 2016. This may have reflected the adjustment in USD/JPY to the relative pace of QE between the Fed and BoJ.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Focus on Monetary Policy Report – TDS FX Street 5 years An interesting development is the run-up in the USD/JPY to new highs, breaking above what some people see as a three-year downtrend, even though US yields have moved sideways in the last month, according to Greg Gibbs, Analyst at Amplifying Global FX Capital. Key Quotes "The USD/JPY had appeared to re-connect with US yields since around March, after a period of disconnect in the first months of the year." "The USD/JPY had been incredibly tightly correlated with US yields (or the yield spread) from around mid-2016 to end-2017." "As such the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
