The prospects for further policy tightening by the Fed, meanwhile, puts a floor under the US Treasury bond yields, which should further act as a tailwind for the Greenback. Apart from this, the Bank of Japan's (BoJ) dovish near-term outlook, along with a generally positive tone around the equity markets, could undermine the safe-haven Japanese Yen (JPY) and help limit losses for the USD/JPY pair. It is worth recalling that the new BoJ Governor Kazuo Ueda said on Monday it was appropriate to maintain the ultra-loose stance as inflation has yet to hit 2% as a trend.
Traders might also refrain from placing aggressive directional bets and prefer to move to the sidelines ahead of this week's key data/event risks from the US - the release of consumer inflation figures and the FOMC meeting minutes on Wednesday. This, along with the US Retail Sales report on Friday, will play a key role in influencing the USD price dynamics and provide a fresh directional impetus to the USD/JPY pair. This makes it prudent to wait for strong follow-through selling before positioning for any meaningful slide in the absence of any relevant data on Tuesday.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
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