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Yen Extended Down Trend on Rise in Yields and Rebound in Stocks

Started by PocketOption, Mar 20, 2022, 06:26 am

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PocketOption

Yen Extended Down Trend on Rise in Yields and Rebound in Stocks

Yen’s down trend continued last week and even accelerated against commodity currencies. Persistent rally in benchmark yields, rebound in stocks, and diverging central bank expectations are expected to weigh on Yen further. Meanwhile, expected rate hike by Fed and BoE didn’t provide much support to Dollar and Sterling, as both closed among the weakest. On […]


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