Rising JGB Yields Could Press Down USD/JPY and Cross Pairs
Thursday, 30 May 2024, 19:38
Rising JGB Yields and Currency Pairs
The recent surge in JGB yields may affect major currency pairs like USD/JPY, EUR/JPY, GBP/JPY, and AUD/JPY.
Implications for Traders
- USD/JPY: Vulnerable to downward pressure
- Cross Pairs: Potential impact on exchange rates
Analyst Kelvin Wong analyzes the potential consequences of higher JGB yields on the forex market, advising caution and strategic planning.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.