USD/JPY SURGES ABOVE 149.00 AFTER UPBEAT US DATA

avatar
· Views 130



  • USD/JPY gathered bullish momentum and climbed above 149.00.
  • Upbeat Retail Sales and Jobless Claims data from the US provide a boost to the USD.
  • The US Dollar Index rises more than 0.5% on the day above 103.00.

USD/JPY gathered bullish momentum and broke out of its one-week-old range in the American session on Thursday. At the time of press, the pair was trading a few pips above 149.00, rising 1.1% on a daily basis.

US Dollar benefits from upbeat data

The renewed US Dollar (USD) strength triggered an upsurge in the second half of the day on Thursday. The data from the US showed that weekly Initial Jobless Claims declined to 227,000 from 234,000 and Retail Sales rose 1%, surpassing the market expectation for an increase of 0.3%. With these reading easing fears over an economic downturn in the US, the USD started to outperform its rivals. As of writing, the USD Index was up 0.55% on the day at 103.15.

Later in the session, investors will pay close attention to comments from Federal Reserve (Fed) officials. According to the CME FedWatch Tool, markets are currently pricing in a 23.5% probably of the Fed lowering the policy rate by 50 basis points (bps), down from nearly 50% at the beginning of the week.



면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 0

더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.

  • tradingContest