Thursday , 21 November 2024
Home Forex USD/JPY back under 152.00 – prospect of market volatility a headwind for yen carry trade
Forex

USD/JPY back under 152.00 – prospect of market volatility a headwind for yen carry trade

The US dollar has been under pressure during the session pretty much across the board. US political news from the weekend seems to be the suspect for the weak dollar:

The yen has also benefitted from rising volatilies, the VIX was above 20 on Friday ahead of the US election and FX vols are also firm.

The prospect of volatility is a headwind for the yen carry trade (carry traders like it all quest for rate disparity to work in their favour) that is it benefits JPY.

USD/JPY yen is a big loser on the session here:

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ForexLive European FX news wrap: Dollar tentative amid mixed markets

Headlines:USD/JPY sticks with the push and pull mood on the weekUS futures...

US futures pare losses ahead of the open later

S&P 500 futures are now up 0.2% while Nasdaq futures have pared...

Zelensky says Russia used new missile in attack on Ukraine today

The missile was reportedly fired from Astrakhan and targeted critical infrastructure in...

GBPUSD Technical Analysis – Waiting for a breakout

Fundamental OverviewThe US Dollar continues to consolidate despite the higher-than-expected inflation figures...