USD/JPY key support is at 104.00 - Morgan Stanley

Discussion in 'Technical Analysis' started by ForexLive, Jul 26, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Real yield differentials will continue driving JPY performance - Morgan Stanley From July 10th up to last Thursday, real rate differentials worked in favour of USDJPY. The perception of a better US economy and the equity market moving away from investing into dividends towards pushing funds into cyclicals pushed US real rates up. Around the same time, 10-year US real yields rebounded from -10bps to +5bps. Simultaneously, Japan's real yields moved lower due to rising inflation expectations pushed higher not only by progressive fiscal and monetary easing expectations, but also by higher oil and commodity prices.

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    Tyler16 Member Trader

    Jul 26, 2016
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