Japanese Yen, USD/JPY, S&P 500, Coronavirus, IG Consumer Sentiment - Speaking FactorsCoronavirus fear
Japanese Yen, USD/JPY, S&P 500, Coronavirus, IG Consumer Sentiment – Speaking Factors
- Coronavirus fears plunged S&P 500 because the anti-risk Japanese Yen rose
- Dealer positioning indicators trace there could also be extra room to go from right here
- USD/JPY might fall to help as S&P outlook dangers turning extra bearish
How Can Dealer Positioning Influence the Outlook for the Japanese Yen and S&P 500?
On this week’s session, I mentioned the outlook for the Japanese Yen in opposition to the US Dollar and Australian Dollar whereas masking a broad sweep of the S&P 500. After the latter skilled a few of its worst efficiency since 2018, the anti-risk JPY gained aggressively as fears on the coronavirus increased. From right here, what do merchants’ purchase/promote bets should say concerning the USD/JPY and S&P 500 outlook?
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Mar 04
( 01:03 GMT )
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