Video Analysis on the Changing Bond Markets, USD/JPY and EUR/JPY
Video analysis of the first week of 2013, USD/JPY and the weakening in the safe haven bond markets. Coverage includes:
- The UK bond market (gilts) breaking through a significant support level. If gilts stay above 2% we could see a further move higher as traders take on more risk
- The US 10 year bond has also broken a significant support level
- US QE, which may not be quite as open-ended as once thought. If so, that could support the dollar
- USD/JPY has moved aggressively higher over the last 8 weeks â€“ see live USD/JPY chart. USD/JPY could hit ¥94
- EUR/JPY is on the cusp of an important 200 day moving average – see live EUR/JPY chart
Also see, live forex charts.
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Video content by Michael Hewson of CMC Markets
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