{"id":105169,"date":"2024-08-28T02:56:00","date_gmt":"2024-08-27T22:56:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=105169"},"modified":"2024-08-28T04:57:58","modified_gmt":"2024-08-28T00:57:58","slug":"usdjpy-is-decoupling-from-us-treasury-yields","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usdjpy-is-decoupling-from-us-treasury-yields\/08\/28\/market-updates\/forex-markets\/","title":{"rendered":"USDJPY is decoupling from US Treasury yields"},"content":{"rendered":"\n<p>USDJPY has broken its traditional inverse correlation with US Treasury yields, driven by a decline in the US dollar following the Federal Reserve&#8217;s meeting and Chairman Jerome Powell&#8217;s remarks at the Jackson Hole symposium.<\/p>\n\n\n\n<p>Powell&#8217;s comments hinted at a potential interest rate cut in September, a prospect further reinforced by statements from Federal Open Market Committee member Mary Daly, who also leaned towards a rate reduction at the upcoming meeting.<\/p>\n\n\n\n<p>A batch of economic data has added to the pressure on the dollar, indicating a rise in US consumer confidence in August. The Conference Board&#8217;s consumer confidence index climbed to 103.3 in August, up from 101.9 in the previous month, suggesting a boost in risk appetite across global financial markets.<\/p>\n\n\n\n<p>As a result, the dollar-yen pair declined to 143.93, compared to the previous day&#8217;s close of 144.51. The pair traded in a range between 143.91 and 145.17.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDJPY has broken its traditional inverse correlation with US Treasury yields, driven by a decline in the US dollar following the Federal Reserve&#8217;s meeting and Chairman Jerome Powell&#8217;s remarks at the Jackson Hole symposium. Powell&#8217;s comments hinted at a potential interest rate cut in September, a prospect further reinforced by statements from Federal Open Market &hellip;<\/p>\n","protected":false},"author":13,"featured_media":70953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37],"tags":[7222,6877,6928,6864,6885,6874,6987,7167],"class_list":["post-105169","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","tag-analysis","tag-dollar","tag-euro","tag-european-stocks","tag-fed","tag-gold","tag-inflation","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/105169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=105169"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/105169\/revisions"}],"predecessor-version":[{"id":105170,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/105169\/revisions\/105170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70953"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=105169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=105169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=105169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}