For the sixth day in a row, the USD\/JPY pair has been trading in the green near the 145.00 level. Due to stronger-than-expected US PPI data from July and investor expectations for the Bank of Japan (BoJ) to adopt a more dovish attitude, the dollar is appreciating and the Yen is losing appeal.
With daily advances of more than 1%, the yields on US treasury bonds are rising. As investors lay bets on the Bank of Japan adopting a dovish posture, the Yen stays weak. In July, the headline PPI report showed a 2.4% YoY, which was slightly higher than anticipated.
Gains in US bond yields are being caused by hawkish wagers on the Federal Reserve and are being seen throughout the curve. The 10-year bond yield increased to 4.18%, while the 2-year yield and the 5-year yield are both at 4.90% and 4.31%, respectively.
Although they are still slim for the forthcoming September decision, the chances of a 25 basis point raise at the November meeting increased to about 30%. The emphasis now switches to Japan’s GDP numbers coming out next week.<\/p>\n","protected":false},"excerpt":{"rendered":"
For the sixth day in a row, the USD\/JPY pair has been trading in the green near the 145.00 level. Due to stronger-than-expected US PPI data from July and investor expectations for the Bank of Japan (BoJ) to adopt a more dovish attitude, the dollar is appreciating and the Yen is losing appeal.With daily advances …<\/p>\n","protected":false},"author":13,"featured_media":62091,"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":[37,36],"tags":[7907,6867,9681,6984,8950,7201],"class_list":["post-87761","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boj","tag-federal-reserve","tag-ppi-data","tag-treasury-yields","tag-university-of-michigan-consumer-sentiment","tag-usd-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87761","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=87761"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87761\/revisions"}],"predecessor-version":[{"id":87767,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87761\/revisions\/87767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62091"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}