USD/JPY tests 150.00 on rising bets of December BoJ hike [Video]
With US markets paused for the Thanksgiving break, France was at the heart of the attention yesterday. The political drama, there, only got worst as Michel Barnier gave concessions to Marine Le Pen – who only asked more of them. The French 10-year yield eased after sitting at the same height than the Greek equivalent while CAC 40 was in a better mood. But the political uncertainties in France will certainly keep volatility high across French-denominated assets into the year end.
For the euro, we don’t yet see a major impact of French political shenanigans, but the French touch is not necessarily a positive one. The EURUSD swung between gains and losses yesterday, caught between mixed inflation data from EZ countries.
Speaking of inflation, higher-than-expected Tokyo inflation backed the growing expectation that the Bank of Japan (BoJ) would hike rates in the December meeting and shortly pushed the USDJPY below the 150 mark.
In energy, there is hesitation about what to do at the current levels. The latest news suggests that OPEC+ will delay its decision time from Sunday to December 5th. It appears that the cartel members need more time to discuss about what to do about their plans to restore production.
Reprinted from FXStreet,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.