USD/JPY could push to 125 over coming weeks – ING

USD/JPY has pushed through 120 today. Fed's tough love on inflation could send the pair to 125, economists at ING report.

Search for terminal Fed rate continues

“Hawkish comments from Fed Chair Jerome Powell yesterday have injected another wave of re-pricing into US rates markets. Expect much speculation over whether a flat or inverted US yield curve means recession – and certainly, this energy shock has increased the chances of a late 2023/24 US recession.”

“A sharply deteriorating trade position on the back of fossil fuel prices and a still dovish central bank leaves the door wide open for USD/JPY to trade up to 125 over coming weeks.”

Mar 22, 2022

10-year US Treasury yields to trade in a range of 2.05-2.25% in the coming weeks – OCBC

The benchmark 10-year US T-bond yield hit its highest level since May 2019 above 2.3%. Economists at OCBC Bank expect Treasury yields to stabilize in

US Dollar Index extends the upside to the 99.00 area

The US Dollar Index (DXY), which measures the greenback vs. a bundle of its main competitors, maintains the bid bias unchanged near the 99.00 region o