How USD/JPY correlates with current yield trends [Video]

Dale J Pinkert Independent Analyst

In this special episode of TradeGATEHub Live Trading, Coach Dale (@ForexStopHunter) is joined by guest Adam Button @FX_Button to discuss a broad spectrum of currency and commodity markets. Coach Dale inquires about Adam’s perspective on the Dollar, particularly in relation to his home currency, the USDCAD. Adam also provides his outlook on the USDJPY, discussing how it correlates with current yield trends. Additionally, they delve into the oil market, with Adam sharing his expectations on how West Texas Intermediate (WTI) crude might move within its recent trading range. This session offers a deep dive into pivotal market dynamics and expert forecasts.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

EUR/USD faces next resistance near 1.1930

EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.