(VIANEWS) – At times like this, the bond market may be a good predictor of market mood. Given the reduction in nominal and real rates in the United States at the start of the week, investors may be evaluating the spread of the delta coronavirus type against the likelihood of persistently rising inflation.

With inflation risks beyond what we would consider temporary, we expect the Fed to continue tiptoeing down the path to tapering, adding to the mounting concerns about the economic outlook.

FXStreet reported the pair fell from 110.58, the highest on a soft US Dollar before the Federal Open Market Committee meeting.

USD/JPY (USDJPY) is currently on bearish momentum. At 11:06 EST on Tuesday, 27 July, USD/JPY (USDJPY) is at 109.8010, 0.52% down since the last session’s close.

USD/JPY (USDJPY) Range

About USD/JPY’s daily highs and lows, it’s 0.479% down from its trailing 24 hours low of $110.33 and 0.531% down from its trailing 24 hours high of $110.39.

USD/JPY’s yearly highs and lows, it’s 7.029% up from its 52-week low and 1.661% down from its 52-week high.

Last news about USD/JPY (USDJPY)

Usd/jpy drops below 110.00 after uninspiring US data. According to FXStreet on Tuesday, 27 July, “The USD/JPY pair came under renewed bearish pressure in the early American session on Tuesday and touched its lowest level in a week at 109.88. “, “The broad-based USD weakness seems to be weighing on USD/JPY in the second half of the day. ”

Usd/jpy slides to fresh session lows, around 110.30-25 region. According to FXStreet on Monday, 26 July, “A turnaround in the global risk sentiment benefitted the safe-haven Japanese yen and turned out to be a key factor that acted as a headwind for the USD/JPY pair.”, “The USD/JPY pair extended its steady intraday descent through the Asian session on Monday and dropped to fresh daily lows, around the 110.30-25 region in the last hour.”

Usd/jpy price analysis: bulls set to extend gains beyond 110.55. According to FXStreet on Monday, 26 July, “On the daily chart, the USD/JPY pair has risen sharply from the low of 109.06 to touch the high of 110.59 on Friday. “, “The USD/JPY pair will make the next move towards Friday’s low of 110.08 followed by the 109.85 horizontal support level.”

Usd/jpy flits with session lows, 110.00 mark remains in sight. According to FXStreet on Tuesday, 27 July, “In fact, the yield on the benchmark 10-year US government bond climbed back closer to the 1.30% threshold earlier this Tuesday, albeit did little to lend any support to the USD/JPY pair. “, “The USD/JPY pair maintained its offered tone through the early European session and was last seen hovering near daily lows, just above the key 110.00 psychological mark.”

Usd/jpy bears taking control due to lower US yields. According to FXStreet on Monday, 26 July, “At the time of writing, USD/JPY is a touch lower on the day so far at 110.34, but it has recovered from the lows of the day down at 110.11.”

More news about USD/JPY (USDJPY).

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