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At the Jackson Hole meeting, Powell's number could rise to 150 if the hawk doesn't change the US and Japan.
Summary:USD/JPY may rise towards 150 if Fed Chairman Jerome Powell strengthens the hawkish trend at Jackson Hole meeting this weekend. The pair's momentum towards this key level will remain intact if Powell sticks to his stance on containing inflation. Rising US real yields put upward pressure on the dollar. The real yield on the 10-year US bond briefly rose above 2 percent yesterday for the first time since 2009. The threat of a rate hike at the upcoming Jackson Hole meeting should alone be enough to keep US short-term yields high. Friday's CPI data for the yen may reinforce calls for the Bank of Japan to end its yield curve control policy. But so far the BOJ has not heeded these calls.
Kaynak: Huitong Finans #GateioBountyCreator# #BountyCreator# #ContentStar# #GateLive# #NewsMessenger# #HotTopicDiscussion# #MyFancyCreator#