Market Overview

JPY/USD Futures: Bearish Pressure Mounts amid Soaring Yields

Rising US yields weigh on the JPY/USD futures. The Bank of Japan maintains its dovish policy, further igniting the bears. US PMIs, durable goods data, and Fedspeak are the key focus for the market participants. Futures prices for JPY/USD (6J1) remain strongly influenced by US Treasury yields. However, we anticipate that the pair will gain Read More…

Market Overview

Gold Futures: Bulls Aiming at $1,950 as Risk-off Grows

The gold futures (GCJ2) briefly gained on Monday as the new week started. The precious metal rose as the risk aversion intensified amid Russia’s rejection to surrender Mariupol. However, the gains in gold futures are limited as the US Treasury yields have significantly gained on the day. Fed’s hawkish plan The FOMC raised the interest Read More…