The chart above explains.
Great implication for those FX pairs that follows yield - JPY :)
Good luck.
P/S : Do not just believe what I say. Use your common sense.
Great implication for those FX pairs that follows yield - JPY :)
Good luck.
P/S : Do not just believe what I say. Use your common sense.
I think the answer is easy. Just use common sense. A few days ago, Powell did drop a hint. Here are my thoughts:
The Fed would continue to drop hints in the coming days that they would hold. They can't let the market assume that they will hike because doing so means people will hold off buying UST NOW when Yellen is expected to be selling a lot soon as Uncle Sam is broke.
So, what would US10Y looks like in coming weeks?