Correlation between USDJPY and stock markets | 13 Januari 2022

13 Januari 2022, USD/JPY

Correlation between USDJPY and stock markets

USDJPY trading plan:

World stocks bounced while U.S. Treasury yields dipped after the latest U.S. inflation data showed price pressures are surging but still within expectations, reinforcing bets the Federal Reserve will soon be raising interest rates. Data showed the U.S. consumer price index surging a whopping 7% in the 12 months through December, the biggest annual increase since June 1982, but in line with forecasts. Benchmark 10-year Treasury yields edged down to 1.73%, pulling back more than seven basis points from an almost two-year high. U.S. interest rate pricing is peaking at 1.5% by the third quarter of 2024, far lower than previous U.S. rate tightening cycles.

Investment idea: buy 114.40 and take profit 115.17.

David Johnson
Analyst of «FreshForex» company
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