USD/JPY drops to a fresh one-month low, strays away from the typical yields correlation
USD/JPY falls to its lowest level since 22 September, just below 105.00
Dollar weakness is the major theme in the currencies market today and it is apparent that a lot of that is riding on the back of hopes of a stimulus deal coming – one way or another.
While short-term headlines may still bring about some pessimism and a pre-election deal is certainly not going to happen, that isn’t stopping bond investors from pricing in a stimulus package as evident by the move in Treasury yields so far today.
10-year yields are at their highest level since early June, threatening a breakout and are still up by nearly 3 bps to 0.814% currently.
Despite that, USD/JPY is down 0.5% to levels just under 105.00 as price action signals a break from the typical yields correlation that we are used to seeing in the pair.
In a sense, the divergence here tells us that what is happening in the market now is more than just a “risk” move. It is more to do with stimulus pricing (reflation trade narrative) and possibly US election odds pricing as well i.e. a ‘blue sweep’ anticipated.
Source: Technical analysis
Comments (57)
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Here you will find 15923 more Info on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Here you will find 33714 additional Info on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] There you can find 36399 more Information on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
I read your article carefully, it helped me a lot, I hope to see more related articles in the future. thanks for sharing.
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Find More here to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] There you can find 49339 additional Information on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
Superb post however I was wanting to know if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit more.
Pretty! This has been a really wonderful post. Many thanks for providing these details.
For the reason that the admin of this site is working no uncertainty very quickly it will be renowned due to its quality contents.
Hi there to all for the reason that I am genuinely keen of reading this website s post to be updated on a regular basis. It carries pleasant stuff. Watch bbcfarsi
A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again.
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
Nice post. I learn something totally new and challenging on websites
… [Trackback]
[…] Here you will find 62104 more Information to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
But wanna say that this really is quite helpful Thanks for taking your time to write this. dubai live channel
Scrap metal reclamation and recovery yard Aluminium scrap recycling services Recycled aluminium products
Metal reprocessing, Aluminum cable scrap reuse, Metal shredding services
Scrap metal reutilization and recycling Aluminium recycling efficiency Aluminum recycling technology advancements
Metal reuse and reclamation, Aluminum cable recycling company, Scrap metal retrieval
Scrap metal removal Recycled aluminium products Aluminium recycling process improvement
Scrap metal reclamation and reprocessing facility, Sorting aluminum cable scrap, Scrap metal recovery and repurposing
Metal waste collection solutions Aluminium recycling equipment Aluminium scrap processing
Metal reprocessing and reclaiming, Aluminum cable scrap specifications, Scrap metal inventory services
Scrap metal facility Aluminium scrap powder production Scrap aluminium pricing strategies
Scrap metal reclamation services, Aluminum cable scrap trade, Scrap metal logistics solutions
Scrap metal recycle Aluminium recycling environmental impact Aluminum scrap products
Metal scrap shredding, Aluminum cable scrap collection points, Metal recycling infrastructure
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
Market intelligence for scrap metal business Environmentally-friendly metal disposal Iron scrap recovery and reclamation
Commercial ferrous metal recycling, Iron scrap, Metal reclamation site
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
Metal waste residue Ferrous material recyclability assessment Iron scrap waste management
Ferrous material drop-off, Iron resource recovery, Metal reclamation plant
Metal reutilization yard Ferrous material environmental regulations Iron waste reclaiming plant
Ferrous metal sorting, Iron scrap reclamation, Metal waste repurposing and recycling
Responsible metal reclamation Ferrous waste reclaiming Iron waste management services
Ferrous material recycling certifications, Iron scrap recovery center, Metal reprocessing services
Metal waste transportation services Ferrous material dismantling Iron scrap transport
Ferrous material processing unit, Iron waste reutilization, Scrap metal collection and recycling
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/usd-jpy-drops-to-a-fresh-one-month-low-strays-away-from-the-typical-yields-correlation/ […]
This blog was… how do I say it? Relevant!! Finally I have found something that helped me. Thanks!