Update on USDJPY and US Yields
Yields on short-term US Treasury debt have fallen to the lowest in history on mounting expectations of extra stimulus from the Federal Reserve. USD/JPY has been doing nothing but tracking yields which means that until yields bottom, USD/JPY will remain under pressure. I’ve been talking about this for weeks now - here’s an updated chart. If you want to forecast where USD/JPY is headed, just watch how yields respond to payrolls
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Comments
The Economy is very weak and the employment numbers re enforce this. Yields will stay low but my question is what will happen to EM (specifically Asian) markets will do. If the U.S. is weak shouldn’t EM suffer?
Banker
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