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Flash: Yen implications of the JGB sell-off (23 May) - Societe Generale

Societe Generale strategists believe that the recent spike in JGB yields has raised the concern that the market might already be challenging Japan’s new policy.

However, they feel that in sending yields much higher while not buying the yen, the market is actually discounting brighter nominal growth rather than challenging policy credibility. They write, “According to a regression of Japanese inflation expectations and USD/JPY, the currency pair should trade at 108 if and when the break even reaches 2%.”

Flash: AUD/USD interim bottom - Commerzbank

Commerzbank said that AUD/USD seems to have hammered out an interim bottom at 0.9593 on Thursday.
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Flash: Yen weakness still reiterated despite strong resurgence yesterday – UBS

Japanese equities continue to trade nervously after yesterday's -7.3% plunge on record volumes, while the USD/JPY continues to look somewhat fragile.
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