USDJPY is rallying, another Asian Debt Crisis coming?
USDJPY breaks above the downward trendline. And the Moving Average shows the momentum is gathering. In the '90s, the USDJPY is in a wide range of 100-125. it seems the USDJPY is going to retest the upside range again.
The US treasury yield's surging might trigger USD flow back to the US and the fund flow away from the EM market and USDJPY.
Fundamentally, the Japanese government debt/GDP ratio is the highest among G7 countries, so it should be the first country to burst the debt bubble.
Be cautious with the Economic recovery of Japan and the debt problem upcoming with a prolonged recovery.
The US treasury Secretary Janet Yellen and FED Chairman Jeremy Powell play down inflation expectation of the yield.
Looking for USDJPY will rally for the coming months.
The US treasury yield's surging might trigger USD flow back to the US and the fund flow away from the EM market and USDJPY.
Fundamentally, the Japanese government debt/GDP ratio is the highest among G7 countries, so it should be the first country to burst the debt bubble.
Be cautious with the Economic recovery of Japan and the debt problem upcoming with a prolonged recovery.
The US treasury Secretary Janet Yellen and FED Chairman Jeremy Powell play down inflation expectation of the yield.
Looking for USDJPY will rally for the coming months.
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USDJPY leap to 113
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USDJPY is testing 115-118 resistance and now is 115.
A good call in Mar 2021 to go long
A good call in Mar 2021 to go long