USDJPY 150.68
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yen puked ruffly 1% post-boj decision to stop its nega-rate policy in favour of 0 – 0.1% rate.
ueda saying no rush for more hikes. yield down and guarded comments = yen down and dlr up
10-yr 4.316%; DLRx 103.56
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first day of FOMC collective in session
for USD to go uP some more, yield will have to co-operate.
UNFORTUNATELY … volatility is down somewhat. One could think players favor short-term comittements over medium/long term ones.
It probably means lower peaks and valleys in pricing than would be otherwise.
Just to show you there is a method to my madness when I follow the AT lines
As noted in my earlier post, key levels are at 150.24 and 150.85 (seen on a 4-hour chart) and USDJPY is trading within this range but upper end is exposed while above 150.50
Currently, an invisible hand seems to be back protecting 150.85, at least for now
This article was posted before the SNB revised economic forecasts
BENGALURU, March 18 (Reuters) – The Swiss National Bank will wait until at least June before cutting interest rates, according to a strong majority of economists polled by Reuters, who said it would make shallower cuts this year than peers.
The SNB may choose to wait on the sidelines until the U.S. Federal Reserve and European Central Bank start cutting interest rates, widely expected in June, to prevent further weakness in the Swiss franc.